Former EastEnders actress Martine McCutcheon is having a rough time of it of late, with the newly single star recently declared bankrupt for a second time
Former EastEnders actress Martine McCutcheon has been hit with another blow just a year after parting ways with her husband Jack McManus, with it revealed over the weekend that the newly single star has fallen on hard times financially.
The Love Actually actress has reportedly been declared bankrupt, as per court documents, following a petition for insolvency over a debt owed to a finance company, official public records have disclosed. This comes on the heels of her having to reduce the asking price of her beautiful Surrey home.
It’s now claimed the star, who was once worth millions as an Olivier Award winner with a number one single to her name, lost her money due to “high spending habits” and struggling to land roles amid a battle with ill health.
Martine’s friends reportedly say their pal made some “highly questionable spending decisions” over recent years, like paying ‘thousands’ to the Mafia in order to tie the knot with ex Jack in Lake Como, Italy back in 2012.
The mum-of-one being diagnosed with chronic fatigue syndrome (ME) in 2011 and Attention Deficit Disorder (ADD) has also damaged her bank balance and seen her earnings take a dip.
One of the star’s friends muses how, despite appearing in one of the nation’s favourite soaps and classic Christmas film Love Actually, Martine’s most iconic roles came about over 20 years ago and “money does not last for ever if you do not invest it wisely.”
“It has not helped that she loves the finer things in her life, and it is no secret that she has spent more than she should have done over the years,” the pal tells the Daily Mail. “She has had bits and pieces of TV work recently – but nothing has come close to being a blockbuster role that might get her out of her financial mess.”
They add: “It’s a real shame as she’s immensely talented with a wealth of experience. Hopefully she can turn things around, but she’s had a real tough time.”
A court document indicates that the insolvency order was issued on 31 March this year, a few months after she announced her split from Jack, her husband of 18 years. The couple share a 10 year old son, Rafferty.
The bankruptcy ruling, which was filed under her married name, Martine McManus, was handed down in March at the County Court in Guildford, instigated by a petition from a firm named LDF Finance. Meanwhile, Martine’s company, Raven Music Ltd, was also wound up last month, a move initiated by HMRC due to outstanding tax bills.
The most recent accounts reveal that the business had a tax liability exceeding £175,000, due within the 12-month period post-February 2022. However, the total amount of Martine’s personal tax bill remains undisclosed, and it is yet to be determined whether the Official Receiver will call for a public examination of her bankruptcy, which would lay bare her financial situation.
This isn’t Martine’s first brush with financial woes. Despite a previous net worth of around £2million, she faced bankruptcy in 2013 with debts totalling approximately £187,000, including a hefty £150,000 owed to HMRC.
By the following year, Martine had been discharged from bankruptcy and was once again financially solvent. She and her now ex-husband splashed out a staggering £1.3million on their former marital home in Surrey just three years prior.
Last year, the pair announced their separation after an 18-year marriage. Announcing their separation on social media, she stated: “After much thought and consideration, Jack has decided it’s best for us to separate after 18 years together and I accept his decision. I continue to send Jack, all the love, luck and happiness for the next chapter of his life.”
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