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James McFadden Declared Bankrupt in Scotland

The case stems from losses tied to early-2000s film and property schemes challenged by HMRC.

Overview

  • Scotland’s Accountant in Bankruptcy approved his voluntary sequestration on December 4, 2025, with Opus Restructuring partner Paul Dounis appointed as trustee.
  • Reports put his liabilities at about £2.59 million, and the bankruptcy is recorded as full administration.
  • McFadden has stated he has no assets available to meet creditor claims, according to the sequestration documents.
  • The order lists his occupation as a commentator and references Sports and Media Consultancy Limited, a company linked to his family.
  • HMRC previously took him to court in 2018 over an unpaid bill that a family member settled, as similar tax-relief schemes have left many former players facing large demands.