Former footballer given 6-year bankruptcy restrictions
Former professional footballer now coaching abroad chose to pay off £120,000 gambling debts ahead of other creditors.
Danny Sean Guthrie (35) played football professionally for several English football clubs at a senior level.
In May 2019, Danny Guthrie borrowed £75,000 from a friend to help him pay his household expenses, promising to repay the loan with funds raised from selling a property.
However, prior to selling the property Guthrie racked up gambling debts of £120,000. When he eventually sold the property in August 2020, receiving just over £160,000 in equity, he chose to repay his gambling debts ahead of other creditors by making several cash withdrawals despite knowing he was insolvent.
Danny Guthrie accepted a six-year bankruptcy undertaking, which runs until May 2028. As a result, he is under a number of restrictions, including not being able to borrow more than £500 without disclosing his bankrupt status, and he cannot act as a company director without the court’s permission.
Kevin Read, Official Receiver at the Insolvency Service, said:
Danny Guthrie’s actions were deliberate in dissipating assets, at a time he was already insolvent, and to the loss of his creditors.
This extension of bankruptcy restrictions should serve as a warning that the Insolvency Service will take action to tackle such financial wrongdoing.
Notes to editors
Details of Danny Guthrie’s bankruptcy restriction undertaking are available on the Individual Insolvency Register.
Information on Bankruptcy Restriction Undertakings is available on GOV.UK
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