Boris Becker bankrupt! What are the risks?

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Boris Becker bankrupt! What are the risks?

Boris Becker's economic ordeal continues. Already in 2017, the former German champion was declared bankrupt by the London court, the Bankruptcy Court, due to a heavy debt that the three-time winner of Wimbledon was no longer able.

to repay. The case concerns a debt contracted years ago by Becker; a debt owed to the private bank Arbuthnot Latham & Co and other lenders that he has never been able to pay. Becker's goal was to pay off the debt by mortgaging various real estate properties, most notably one in Mallorca.

Becker, however, did not pay the installments of the debt repayment plan to the lenders, who obviously decided to sue him. The trial of the former tennis player began on Monday 21 March in London. Becker appeared at Southwark Court with his fiancée Lilian de Carvalho Monteiro.

The German is also accused of hiding several properties and more than two million euros, as well as failing to properly follow bank information disclosure obligations. As everyone knows, in 2019, Becker auctioned more than 70 personal memorabilia, including a fair number of career-winning trophies.

The amount collected from the memorabilia should be just over 700 thousand euros, but the debts estimated at the time of the bankruptcy exceed five million. The British court's ruling could arrive in three weeks and Becker faces a sentence of up to seven years in prison if convicted.

Becker, when he received the first real accusations, had defended himself through his Twitter profile, pleading innocent. "Innocent until proven otherwise! I deny the charges against me and will defend myself by all legal means," Becker wrote. "I believe in the UK legal system and its agents. My team of lawyers will prove my innocence."