Courts / Meath / Report
Judge wants clarification on Frank McNamara inheritance ahead of €2.9m insolvency arrangement
Summary
In a High Court case, Mr Justice Denis McDonald has asked for further clarification on Frank McNamara's inheritance before deciding on a €2.9 million Personal Insolvency Arrangement (PIA) for him and his wife, barrister Theresa Lowe. The judge wants a letter from the solicitors handling the estate of McNamara's late father to confirm that the estate is not seeking money from the rental income McNamara received for a property inherited a decade ago. The PIA would allow the couple to write off about €2.9 million of debt and keep their family home in Dunshaughlin, Co. Meath, valued at €550,000. The court adjourned the matter for a week to obtain the requested letter. The dispute involves Tanager DAC, which is owed €2.26 million, and other creditors such as the Bank of Ireland and the Revenue Commissioners.
Who, what, where, when and why
What: Report matter: Judge wants clarification on Frank McNamara inheritance ahead of €2.9m insolvency arrangement. Procedural stage: hearing_or_decision
When:
- 2019-12-09 Publication
Places mentioned
- High Court
Topics
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