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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 GuardianSeptember 29, 2017

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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 GuardianSeptember 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

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Crisafulli settled $200,000 insolvent trading claim – The Australian
May 16, 2025
NCLT Issues notice to FIITJEE in an insolvency plea by former employee
May 16, 2025
“Creditors’ contests grow by 12% up to April
May 16, 2025
IREDA shares in focus after filing insolvency plea against Gensol Engineering over Rs 510 crore default – MSN
May 16, 2025
NCLT to hear IREDA’s insolvency petition against Gensol on June 3
May 16, 2025
NCLT issues notice to Gensol on Ireda’s ₹510 crore insolvency plea
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