Belfast Telegraph

Saturday 30 August 2014

Gazza bankruptcy case dismissed

Paul Gascoigne has reached agreement with his creditors, a court heard

A bankruptcy petition against former England football star Paul Gascoigne has been dismissed at the High Court.

A judge was told during a hearing lasting just minutes that Gascoigne, whose whose clubs included Newcastle, Tottenham and Rangers, had reached agreement with his creditors.

The 43-year-old, who owes the taxman £32,000 and had faced a bankruptcy petition brought by Her Majesty's Revenue and Customs (HMRC), was not present for the proceedings, and was not represented.

The last hearing in the case was on April 13, when Deputy District Judge Holmes-Milner adjourned the petition.

At a previous hearing, the court heard that a proposal had been put forward by Gascoigne which would allow him to pay off the full debt to HMRC within a structured timescale.

District Judge Clarke, sitting at the Bankruptcy Court in London, heard that Gascoigne's "individual voluntary arrangement" had been approved on May 13 at a meeting of creditors.

She dismissed the petition. Gascoigne has to pay £825 costs.

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