Star date: 17th August 2009
SECRET MILLIONAIRE FACES COURT
Chek Whyte, who came to Salford in the full glare of Channel 4's Secret Millionaire cameras two years ago, is now facing court and bankruptcy after failing to strike a deal with his creditors, who are owed upwards of £30million.
Whyte had hoped that a creditors meeting today would accept an Individual Voluntary Agreement (IVA) that would have enabled him to carry on trading. But secured creditors, including banks (owed £26million) and the Inland Revenue (owed up to £2million) refused to back him, we understand. The next step is court and most probably bankruptcy…
Further details to follow…
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