Displaying items by tag: bankruptcy

A former Premier League footballer who ran up huge gambling debts while struggling to pay his bills has been hit with extended bankruptcy restrictions.

Danny Guthrie, 35, who started his career at Liverpool before going on to play for Bolton Wanderers, Newcastle United and Reading in the Premier League, admitted breaking insolvency rules after borrowing £75,000 from a friend.

The loan was made in May 2019 to help Guthrie through some financial difficulties on the understanding that he was in the process of selling a property to raise capital. A promise was made to repay the loan after the sale went through.

Published in Debt Collection

Former Wimbledon champion Boris Becker has been sentenced to two and a half years in jail for failing to disclose millions of pounds worth of assets in a high-profile bankruptcy swindle.

The tennis ace, 54, was found guilty on four charges at Southwark Crown Court on April 8 2022.

The case was brought in relation to Becker’s bankruptcy dating back to 2017. In June that year, he was declared bankrupt over failure to keep up with repayments on a £3.85m loan from German bank, Arbuthnot Latham.

Published in Debt Collection

The Church of England fears that it could be forced to sell off some of its prized cathedrals in order to stave off bankruptcy - and is seeking to pass news laws to prevent that happening.

At the General Synod of York - the CoE’s equivalent to Parliament - bishops were presented with a report detailing the financial difficulties of diocese including Exeter and Peterborough, both of which are centred around historic cathedrals.

Published in Credit Control
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