JERMAINE Pennant has been declared bankrupt after racking up debts of more than £1million.
A source close to the star said: “He owes stacks of cash all over the place.
“His debts are into seven-figures.
“His debts to the taxman and banks are huge.
“He has defaulted on mortgage payments and will likely have property repossessed.”
The star’s money troubles have been building.
His media company Jermaine Pennant Ltd was dissolved and struck off the company register in 2020.
He set up the company to handle his pay from Celebrity Big Brother and TV appearances.