Tennis star Boris Becker’s bankruptcy restrictions extended
7 Nov 2019
Former tennis champion Boris Becker has been given a 12-year extended bankruptcy restriction following the Official Receiver’s investigation into assets and transactions valued in excess of £4.5m
7 Nov 2019
The former world number one professional tennis player who first broke into the spotlight when he won Wimbledon at 17, has been given a further 12-year bankruptcy restriction after the Official Receiver investigated undisclosed transactions occurring before and after the bankruptcy proceedings, totalling over £4.5m.
The bankruptcy order imposed a statutory duty to provide a full disclosure of assets to the trustee and the requirement to inform lenders of a bankruptcy when seeking to borrow more than £500. He was made bankrupt on 21 June 2017 in the High Court following a creditor’s petition presented against him on 28 April 2017.
Bankruptcy restrictions are usually lifted after a year but the Insolvency Service said that ‘owing to the nature of Becker’s actions, the Official Receiver pursued extended restrictions to prevent him causing further harm to his creditors’. This means he will be deemed bankrupt until 2031.
Becker offered a Bankruptcy Restrictions Undertaking, which was accepted on 17 October 2019 and lasts until 16 October 2031. This has the same legal effect as a bankruptcy restriction order but the induvial does not need to go to court.
Earlier this year Becker raised £700,000 from an online auction of trophies and memorabilia.
The original application against Becker was made by Arbuthnot Latham Bank in connection with a loan debt believed to be in the region of £3m.
Anthony Hannon, public interest official receiver for the Insolvency Service, said: ‘Bankrupts have a duty to fully cooperate with their trustee and where this has been frustrated, a bankruptcy restriction undertaking of commensurate length must reflect that conduct.’