Gazza beats bankruptcy petition
A bankruptcy petition against former England football star Paul Gascoigne was dismissed at the High Court in London today.
A judge was told during a hearing lasting just minutes that Gascoigne, whose whose clubs included Newcastle, Spurs and Glasgow Rangers, had reached agreement with his creditors.
The 43-year-old, who owes the taxman €37,000 and had faced a bankruptcy petition brought by Her Majesty's Revenue and Customs was not present for the proceedings, and was not represented.
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 within a structured timescale.
District Judge Clarke, sitting at the Bankruptcy Court, 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 costs.