JERMAINE Pennant has been declared bankrupt after racking up debts of more than £1million.
The former Premier League star, 39, owes money to a string of creditors, including HMRC, banks, councils and utility companies.
Jermaine Pennant has been declared bankrupt after racking up debts of more than £1millionThe Sun
GettyPennant celebrates scoring a goal for Arsenal against Southampton in 2003[/caption]
He was given a one-year bankruptcy order at Birmingham county court.
A source close to the star said: “He owes stacks of cash all over the place.
“His debts are into seven-figures.
“His debts to the taxman and banks are huge.
“He has defaulted on mortgage payments and will likely have property repossessed.”
Pennant was taken to court by creditors after failing to settle a number of outstanding bills.
The star’s money troubles have been building.
His media company Jermaine Pennant Ltd was dissolved and struck off the company register in 2020.
He set up the company to handle his pay from Celebrity Big Brother and TV appearances.