After googling and reading I've set up kgdb over serial line, I can break into the debugger (by stopping the kernel via /proc/sysrq-trigger) and connect from host gdb, which is part of ARM toolchain.
Basically I have development board running embedded linux abd the driver I'm debugging, and my PC with two connections to the board - serial and ethernet (telnet session).
After I connect with host gdb to the target, I'm no longer able to do telnet to the board, because the only way to reproduce the memory corruption is to apply some configuration with user application on the board.
Is it expected or I'm doing something wrong, and there's a way to have alive IP connection to the target and GDB session?