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Tennis legend Boris Becker discharged from bankruptcy court in England – ABC News

LONDON — German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done all that he reasonably could do to repay creditors tens of millions of pounds.

Becker fell far short of repaying his creditors nearly 50 million pounds ($62.5 million) he owed, but Chief Insolvency and Companies Court Judge Nicholas Briggs said it would be perverse not to end the case given the efforts Becker made.

On the spectrum of bankrupts who range from difficult as possible and doing everything to frustrate the trustees inquiries to co-operative, providing information and delivering up assets, Mr. Becker clearly falls on the right side of the line,” Briggs wrote.

Becker, 56, was deported to Germany tw…

Read the full article at: https://abcnews.go.com/Sports/wireStory/tennis-legend-boris-becker-discharged-bankruptcy-court-england-109824327

Category: BankruptcyBy Insolvency Advisory AccountantsMay 1, 2024

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Tennis legend Boris Becker discharged from bankruptcy court in England – ABC News

LONDON — German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done all that he reasonably could do to repay creditors tens of millions of pounds.

Becker fell far short of repaying his creditors nearly 50 million pounds ($62.5 million) he owed, but Chief Insolvency and Companies Court Judge Nicholas Briggs said it would be perverse not to end the case given the efforts Becker made.

On the spectrum of bankrupts who range from difficult as possible and doing everything to frustrate the trustees inquiries to co-operative, providing information and delivering up assets, Mr. Becker clearly falls on the right side of the line,” Briggs wrote.

Becker, 56, was deported to Germany tw…

Read the full article at: https://abcnews.go.com/International/wireStory/tennis-legend-boris-becker-discharged-bankruptcy-court-england-109824326

Category: BankruptcyBy Insolvency Advisory AccountantsMay 1, 2024

Post navigation

PreviousPrevious post:Dutch city pilots radical debt cancellation scheme for poor families – The GuardianNextNext post:Bankrupt Katie Price finds new way to make cash but her fans need to foot the bill – The Mirror

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July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
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
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July 17, 2024
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