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Ex-Scotland and Dundee United footballer Billy McKinlay declared bankrupt with debts of £700000 after HMRC tax ruling – HeraldScotland

FORMER Scotland international footballer Billy McKinlay has been made bankrupt with debts of almost £700,000.

The ex-Dundee United and Blackburn Rovers star was declared insolvent after failing to settle large bills thought to be owed to the taxman.

He was an investor in a film production investment scheme which has seen several ex-footballers, including former Rangers captain Barry Ferguson, go bust.

McKinlay, 48, put money into a scheme called Eclipse which was targeted by HMRC after being ruled to be a tax avoidance scheme.

The midfielder’s career highlights included playing for Scotland at Euro 1996 and the World Cup in 1998.

He applied for his own bankruptcy after running up debts of £686,245 an…

Read the full article at: http://www.heraldscotland.com/news/15564370.Ex_Scotland_footballer_Billy_McKinlay_declared_bankrupt_with_debts_of___700_000/

Category: BankruptcyBy Insolvency Advisory AccountantsSeptember 29, 2017

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PreviousPrevious post:Ex-Scotland and Dundee United footballer Billy McKinlay declared bankrupt with debts of £700000 after HMRC tax ruling – HeraldScotlandNextNext post:Deutsche Bank’s credit rating cut as CEO faces scepticism – The Independent

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Ex-Scotland and Dundee United footballer Billy McKinlay declared bankrupt with debts of £700000 after HMRC tax ruling – HeraldScotland

FORMER Scotland international footballer Billy McKinlay has been made bankrupt with debts of almost £700,000.

The ex-Dundee United and Blackburn Rovers star was declared insolvent after failing to settle large bills thought to be owed to the taxman.

He was an investor in a film production investment scheme which has seen several ex-footballers, including former Rangers captain Barry Ferguson, go bust.

McKinlay, 48, put money into a scheme called Eclipse which was targeted by HMRC after being ruled to be a tax avoidance scheme.

The midfielder’s career highlights included playing for Scotland at Euro 1996 and the World Cup in 1998.

He applied for his own bankruptcy after running up debts of £686,245 an…

Read the full article at: http://www.heraldscotland.com/news/homenews/15564370.Ex_Scotland_footballer_Billy_McKinlay_declared_bankrupt_with_debts_of___700_000/

Category: BankruptcyBy Insolvency Advisory AccountantsSeptember 29, 2017

Post navigation

PreviousPrevious post:ICICI Securities moves tribunal against Deccan Chronicle – Economic TimesNextNext post:Ex-Scotland and Dundee United footballer Billy McKinlay declared bankrupt with debts of £700000 after HMRC tax ruling – HeraldScotland

Related Posts

Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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