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Martine McCutchen declares bankruptcy, my thoughts

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ProfilePosted byOptionsPost Date

supercrutch

supercrutch Report 13 Feb 2013 12:25

Maybe PP but the facts remain, she is responsible for her debts, she should be in touch with her accountant and management company on a monthly basis. She obviously received notice of the debt, continued to earn a jolly good income via advertising, TV appearances and films.

I have read of actors who were in the same position as her and they made arrangements to repay their tax bill from future income and did settle the debt albeit over 3 or 4 years.

As she will be discharged in 12 months she will be earning very nice sums and presumably paying due tax having stepped away from her responsibilites.

I wonder what the insolvency officer will leave her with? I would bet much more than my friends were which was absolutely NOTHING apart from a sofa, their bed, cooking facilties and a few other basic neccesities of day to day existence.

DazedConfused

DazedConfused Report 13 Feb 2013 12:14

Now my question is did she not have an accountant to deal with this - most celebs do.

Maybe there is an underlying story that we have not heard about.

I would imagine that despite all the spending etc., she is not doing this lightly.

Rambling Rose

Rambling Rose Report 13 Feb 2013 11:25

I was teetering on the brink of sympathy as I so often am when people get into financial trouble , thinking along the lines of 'maybe she helped out friends and family with money she should have held on to'

But reading the article and her quotes about Gucci and the "necessity" of Ralph Lauren sheets, any sympathy flew out of the window lol , especially in the wake of a letter re council tax that just came in the post, If I had a Gucci handbag I'd be selling it today!

supercrutch

supercrutch Report 13 Feb 2013 11:23


"Before HMRC takes action, there will be several warnings and opportunities to settle any liabilities. Therefore, any abrogation by the celebrity of their responsibility to deal with income tax and other debt issues, is no real defence.”


When us ordinary people get our tax liability notice each year, they demand immediate payment or adjust the next tax year's code. We have to pay!

Muffyxx

Muffyxx Report 13 Feb 2013 11:10

So she's basically not been paying her taxes and has made herself bankrupt?

Wonder how many exotic holidays she had during that time?

Got all the time in the world for folk who graft and graft but fall onto bad times...but yes I agree it sticks in your throat to see incidences like this....almost a mickey take.

supercrutch

supercrutch Report 13 Feb 2013 11:01


Now usually this type of headline wouldn't prompt me to post a thread about it BUT I am getting a little sick and tired when reading about celeb bankruptcy proceedings where the main creditor is the treasury. That's us!!!!

Now I may well sound heartless but celebs live a lifestyle none of us could even dream of aspiring to, all that whilst not paying their dues. Bankruptcy used to carry a huge stigma but not anymore for celebrities.

I have a couple of friends who have gone through the process due to their businesses suffering bad debts. Terribly traumatic, embarrassing when the notice is published, left with nothing and reputations ruined.

I always thought the provision was there to help people at the end of their tether with no other way out. It seems to be used much more frequently by people in the public eye who just throw their hands up and walk away from their responsibilities.

Rant over!







First she couldn’t get a hit after "Perfect Moment", then she got dropped from the Activa adverts and now Martine McCutcheon is bankrupt.


The ex-EastEnders star has filedfor insolvency at Kingston-Upon-Thames County Court.

McCutcheon petitioned in her given name Marine Kimberley Sherri Ponting.

Bankruptcy trustees KPMG said the actress’s “largest creditor” was Her Majesty’s Revenue and Customs.

The 36-year-old, who lives in Esher, Surrey, will be discharged from bankruptcy on 2 January 2014.

"We are now responsible for administering her estate and are in the process of establishing the individual's assets and liabilities; the largest creditor being Her Majesty's Revenue and Customs," KPMG's David Standish, who was appointed joint trustee in bankruptcy of McCutcheon by the Secretary of State on 24 January 2013, said.

McCutcheon's management declined to comment on their client.

The actress became a household name in the 90’s for playing Tiffany Mitchell in EastEnders.

Her 1999 one hit wonder "Perfect Moment" reached the number one spot in five countries and she later won a Laurence Olivier Award for best actress as Eliza Doolittle in the musical My Fair Lady in 2002.