Lee Hendrie declared bankrupt!

[N'ZMAV]

My sister does the accountants for a number of Premiership footballers. I've got stories that would make you cry out 'they did what?'

She does the accountants? naughty! :-P

[UK Redsox]

My sister does the accountants for a number of Premiership footballers. I've got stories that would make you cry out 'they did what?'

She does the accountants? naughty! :-P

I'm always on the look out for a girl that does accountants

[john e]

Villanation, i agree with a lot of what you say,

i am not an expert on Bankruptcy but as an ex Bankrupt myself i know the drill, i also attend a local support group so although mine was some time ago i keep up to date with the latest thinking.

it is true the official recievers are very good, non judgmental,  and do what they can to help, the only time they will not support you is if you lie to them about your circumstances, then they can get quite difficult, if you wear your heart on your sleeve and give them all  the information they require they they really can be a great help.

after 6 years the credit agencies do remove it from there records,
 and  during that time you can rebuild your credit rating and apply for credit again including mortgages and loans, but what i'm saying is it can and will crop up from time to time because for certain mortgages and insurances you will be asked 'have you ever been bankrupt' this doesnt mean you will be turned down, its just an admision that stays for life,
to be honest you can get credit before the 6 years are up if you have a proven record and the bank manager smiles on you, i did after 18 months, but i had a successfull business again and a good level of trust

i have a friend who was made bankrupt when he was 18 as a director of his fathers business he is 55 now and it still crops up now and again, not very often but its still there lurking thats what i mean when i say the slate is never quite wiped clean.

as for your friend who went bankrupt but kept his house, this happens all the time, recievers will never throw peoples families out on the street, but i can tell you absolutly horendous stories about banks, coming back and claiming the money because it was not part of the original bankruptcy.

i have another friend who's business went bust, he kept his house it was in joint names, he thought it had been dealt with at the time, even went to his soliciter for conformation, and 12 years later a debt of 15 k had grown to 75 k and he had to pay it, to cut a long story short he remortgaged his house again and paid up, you have to be very carefull even though you are declared bankrupt if you are allowed to keep certain assets, you can make youself open to a future claim, this is not hear say this is 100% fact.

no one gets thrown in jail anymore, and the whole performance whilst humiliating and arduous can become a great relief in the end, yes you build yourself back up again, and hopefully become successfull again,
if you google famous people who have been made bankrupt, you will see some big and famous not to say rich peoples names on there, so there is always hope

[Villanation]

Agree John, I think the part about the banks is horrific, and probably you will get people being very judgemental and all that, but its simply not reality, its a fact of life that sometimes we find ourselves in these situations, sometimes mistakes we make ourselves through greed or just being silly, or sometimes such as I found and escaped by the skin of my teeth which was due to an unpaid invoice, a large one, that plunged my business deep in it, and there I found myself right up against it, a few years ago now.

I myself work with Business link on a consultancy basis from time time and one of the people I work with is an Insolvency Practitioner (retired one, but very good) like me he thinks that these Credit Reference agencies are way out of control and what was originally just a bureau set up to help banks identify people in terms of lending and proof that these people are who they say they are, and nothing more than that, have now become this all powerful group, wielding enormous power over individual's lives, clandestine and overseen by nobody other than being registered with the Ministry of Justice and the FSA, which either of us could apply for and get. The other point being these are privately run companies that are funded by corporate bodies and he claims people have no idea what information they hold on them and that they can destroy people's lives simply by ticking a few boxes ( know as traffic light) and then this information is shared with the banks................

Then Joe Soap find's he can't get a mortgage, car finance, his credit cards are being reigned in, and then Sky turn around to him and say they want advance payment, all this because Joe has made 3 minimum payments consecutively on a credit card, or he's been late with a mortgage payment, even late with an energy bill is now sufficient for a downgrade.

I know this because I had a nephew that worked over at Experian in Notts.

His advice to a lot of people is, the minute you get into difficulty, don't stress, don't worry, do the deed, because the chances are you have been missing payments and getting into problems anyway so your credit rating is stuffed in any case for the next 6 years.

Anyway, brilliant you bounced back so fast and got straight back in there, music to my ears, don't let the bar stewards get you down as they say, played mate. 

[eamonn]

He won't be bailing him out !

To be fair we don't know what Doug will do.   Can't argue with what he said, though.

To be fair, that's a true quote from Sir Doug.

I thought it was something along the lines of "Never give an apple to a woman who looks like a horse" or something?

Eh? Wasn't it ''Only women and horses work for nothing''?

[Merv]

I met him twice and he was sound as a pound on both occassions.

Yep. Early on in my career I met and interviewed him two or three times, usually went to his house to do the piece. He was a nice bloke, happy to give out his mobile number, always friendly the odd time I called. Perhaps a bit naive back then but seemed very genuine; I'm certainly sorry if it's turned out badly for him.

[DerHammer]

My sister does the accountants for a number of Premiership footballers. I've got stories that would make you cry out 'they did what?'

I now a few people that have handled prem league players accounts too, when it comes to money they haven't got a clue. The smart ones invest, the stupid ones (about 97% of them) waste hundreds of thousands.

[Archbishop Herbert Cockthrottle]

I fear that this story will be about Stephen Ireland in ten years time.

[TimTheVillain]

He won't be bailing him out !

To be fair we don't know what Doug will do.   Can't argue with what he said, though.

To be fair, that's a true quote from Sir Doug.

I thought it was something along the lines of "Never give an apple to a woman who looks like a horse" or something?

Maybe that as well - maybe he has a repertoire of EllisSpeakisms in his locker !

[TimTheVillain]

I fear that this story will be about Stephen Ireland in ten years time.

I think they are similar in many ways, but Ireland will have have to work a lot harder to piss his ( considerably larger) earnings down the drain.

As for Hendrie, those company directorships are all with media LLP's., the ones that don't seem to make many films ( allegedly).

 

[The Laughing Policeman]

Whilst sticking the boot into Lee Hendrie about his lifestyle and financial affairs, all of you have ignored the part his agent(s) and financial advisors must have played in his financial downfall.
Yes, he never did come across as someone who was grateful for the riches he earned from his god given talent. But he was in an age when footballers came to rely on other people to manage their financial affairs for them. Maybe they should be getting some stick for this too.
There are many tales of woe to be heard about footballers who have fallen on hard times but how much of it is their own fault? And how much is it a young man being misled by said agents and advisors who saw nothing but a gravy train to jump on and then abandon when things go tits up?

[Macho Man Randy Savage]

What happened to his testimonial in the end?

Okay, apparently his testimonial did happen:

http://www.cassidygroup.com/index.php?option=com_content&task=view&id=62&Itemid=37

[eamonn]

I remember a brief clip on Sky Sports News about that night, with Ron Atkinson talking a bit about Lee's career. A bit surprised that Bobby Robson was there. If I recall correctly that night was meant to be the first part of his 'testimonial' with an actual match to take place the following summer, 2008 when he was to have a joint testimonial match with Gareth Barry who would have had 10 years playing for the first time at that point. Hendrie's departure and the whole Barry to Liverpool saga presumably soured things so it never happened.

And I think Paul Stretford was his agent when Hendrie signed a five year deal in 2001(?). This is the same cute hoor who gets Man United to take it up the arse from his client Wazza Rooney these days when it comes to contract negotiations.

[Chipsticks]

When I was a wee lad, couldn't have been older than about 6 or 7. I remember going down to the park with my Dad to have a kick-a-bout and there was a big commotion about Lee Hendrie, who had turned up and was taking penaltys against any kids who fancied it, and if they scored past him he gave them a fiver. I didn't have a go myself but my step brother had a go and earned himself a tidy sum.

Also, I remember being really impressed that he had a playstation 2 built into the back of his car. Not suprised he's gone bankrupt when he flutters away his money like that.

[bertlambshank]

Watching the greatest goals from 2004/2005 on ESPN Classic.The orange one has been on 4 times already.
What a start to the season and what a waste.