The retired Scottish footballer Colin Hendry has officially been discharged from bankruptcy, to the annoyance of creditors who will only recoup £36,000 of the £2.1 million he owes.
Hendry, who formerly captained both Scotland and Blackburn Rovers football teams, was forced into bankruptcy in June 2010 after his debt problems spiralled out of control. The former defender was said to have turned to alcohol and gambling to cope with the death of his wife, Denise, in July 2009.
By the time he was declared bankrupt, Hendry had racked up £1.3 million in tax debt problems with HM Revenue and Customer (HMRC). He also owed £35,000 to his brother, £10,000 to the parents of his late wife and £65,000 to his late father’s estate. A number of Hendry’s most pressing debt problems are said to have been caused by the former footballer squandering his wealth on gambling.
After the custom 12 month period, Hendry has now been discharged from bankruptcy. This news has angered his creditors, after it was revealed that the retired star will only be paying back less than 2 per cent of his original debt.
One of Hendry’s former friends, Hector McFarlane, was owed £95,000 by Hendry. He is reportedly furious that the ex-player lived and continues to live a luxury lifestyle but will not be fully paying back his creditors. McFarlane told the Daily Record:
“I am just flabbergasted. I stand to get back £1800 of the money I loaned him. It’s an absolute disgrace.”
“My wife and I have not received one penny of the £95,000 he owed us, while he can get on with his life.”
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