Former Scotland and Premier League star declared bankrupt after racking up debts of more than £2.5m

Bankruptcy

Former Scotland international James McFadden has been declared bankrupt after accumulating debts totalling more than £2.5million. The 42-year-old, who currently works as a pundit for Sky Sports, submitted a voluntary bankruptcy application after his outstanding liabilities reached £2,594,192. McFadden’s insolvency comes seven years after he narrowly escaped a similar financial collapse, having failed to clear…

Scotland legend and former Premier League star James McFadden declared bankrupt as staggering debts are revealed

Bankruptcy

By TAMARA PRENN, SENIOR SPORTS REPORTER Published: 23:35 AEDT, 7 January 2026 | Updated: 23:44 AEDT, 7 January 2026 Former Everton star and Scotland international James McFadden has been declared bankrupt after accruing debts of over £2.5million, according to reports.  The 42-year-old signed for Everton in 2003 after winning the Scottish PFA Young Player of…

Chinese economy not taking cue from Xi, Beijing turns to roots of the problem — debt-ridden provinces – Firstpost

Debt Help

China’s finance ministry vows to increase central bond issuance and flexible transfer payments to cash-strapped local governments in 2026, easing austerity measures triggered by collapsing land sales revenue. While support will help, Beijing signals modest aid won’t fully reverse trillions in arrears and spending cuts. China’s central authorities plan to bolster financial support for provincial…