asset liquidation

Jockey Frankie Dettori has been unable to pay his £765,000 tax debt after his various companies were liquidated, according to a report on msn.com. The legendary jockey declared bankruptcy last March. Companies House published an update to the liquidation of Frankie Dettori Limited and Newmarket Activities Limited, which showed there were no funds to repay the debt. Dettori owes £765,000 to HMRC as of last October and an additional £6,391 to a car leasing company. Once the costs to liquidate his businesses are added in, the debt total is £888,799....