Football legend Colin Hendry discharged from bankruptcy

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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England football legend faces financial ruin

A former England football legend has submitted a debt payment schedule in the hope of avoiding financial ruin.

Paul Gascoigne owes the taxman £32,000 and has been given another chance to fend off his impending bankruptcy.If his proposed timetable to manage the debt is accepted in court, it means the 43-year-old Geordie will be able to avoid bankruptcy proceedings.The case against Gascoigne – who is known to football fans worldwide as ‘Gazza’ – was adjourned for a further two weeks at a brief hearing at the High Court in London last week.The proceedings followed a hearing in February when Deputy Registrar Clive Jones agreed to adjourn a petition for bankruptcy for six weeks.But last Wednesday Mr Registrar Jaques heard that a proposal has now been put forward by Gascoigne which would enable him to pay off the full debt to HMRC within a structured timescale.If his proposal is accepted it would ‘stay’ bankruptcy proceedings against him, meaning an automatic injunction would halt the actions of his creditors.Gascoigne was once one of football's highest-paid stars and at the peak of his career he was reported to be worth £14 million. When he was transferred from Newcastle United to Tottenham Hotspur in 1988 he became a millionaire. He later secured a £1.25 million deal with Italian club Lazio.As a key player in the England squad, he won sponsorship deals worth more than £5 million with sports clothing manufacturers and Walkers crisps.Gazza then went on to play for Rangers, Everton and Middlesbrough before having short spells at Burnley, Chinese side Gansu Tianma and Boston United.Since quitting football he has battled alcoholism and had a bizarre involvement with the armed stand-off between the police and killer Raoul Moat.He arrived at the scene in Northumberland and offered to help with negotiations, bringing the murder suspect a "can of lager, some chicken, a mobile phone and something to keep warm”.In December, Gascoigne was given a suspended prison sentence and an alcohol treatment order after admitting drinking and driving.
Manchester debt firm is liquidated owing creditors over £2.2m
Wednesday 11th August 2010

Bankrupt football legend probed by police over loan fraud
Monday 2nd August 2010

Mortgage broker ordered to repay £1.5m of client money used to pay off debts
Wednesday 14th July 2010

Barclays lifts lid on banking write-offs
Wednesday 20th February 2008

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Fraudulent rock legend caught on YouTube

The former lead singer of one of the UK’s biggest heavy metal bands has been jailed for swindling £45,000 of tax payers’ money.

Paul Andrews – aka Paul Di’Anno – formally of Iron Maiden, was sentenced to nine months in jail for conning the five-figure sum while touring around the world, sometimes playing to crowds of 10,000 people.The former front man claimed he could no longer work as a result of injuries he sustained after performing a stage dive during a live show. But the singer was rumbled after videos of him performing with his more recent bands were posted on YouTube and spotted by investigators working for the Department for Work and Pensions (DWP).According to the Guardian, James Newton-Price, prosecuting, told Salisbury Crown Court that Andrews claimed income support, housing benefit and council tax handouts despite touring between 2002 and 2008."His touring took him to Europe, India, Brazil, Canada, Russia, and Mexico,” he said. "There is footage on YouTube of over 50 live performances between 2004 and 2007. He admitted in an interview at one of his concerts in 2005 that he was living in Brazil for a time and that he played to crowds of 10,000 people."In his defence, Steven Ritter claimed Andrews displayed naivety when it came to money matters having received no formal education, and cared only for the welfare of his wife and child in the US and a daughter who lives in Venezuela.Sentencing, Jane Miller QC, said: "Your public persona is not relevant. Your greed has cost this country a lot of money. The claims were for a long time and for a large cost. It must be a custodial sentence."In 2002 you started claiming benefits when it was quite clear you were already working. It took many years to track you down. In 2007 you performed at 69 venues; in 2006 you performed 67 times."Iron Maiden formed in Leyton, east London, in 1975 and have since released 15 studio albums. The band won the Best British Live Act at the 2009 Brit Awards. Andrews, 52, was the first vocalist to record with the band during his three year tenure from 1978 to 1981.
Manchester debt firm is liquidated owing creditors over £2.2m
Wednesday 11th August 2010

Bankrupt football legend probed by police over loan fraud
Monday 2nd August 2010

Mortgage broker ordered to repay £1.5m of client money used to pay off debts
Wednesday 14th July 2010

Barclays lifts lid on banking write-offs
Wednesday 20th February 2008

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Posted in: caught,Fraudulent,legend,YouTube