Anthea Turner's husband Grant Bovey 'humiliated' after he is declared bankrupt with debts of £50million

Published 05th Mar 2010

Anthea Turner's 'humiliated' husband Grant Bovey was legally declared bankrupt yesterday.

The entrepreneur, 48, admitted he couldn't pay £50million worth of his debts after the collapse of his property empire at Guildford County Court yesterday.

Following the devastating declaration, the couple headed off on holiday for a few days to 'chill out'.

Bovey's voluntary redundancy petition was due to be held at 11:30am yesterday, but was moved forward till 9am to avoid media attention and was held behind closed doors.

The former property speculator was listed as 'unemployed' in court documents and his residence was Sundown Cottage, the home owned by his wife in Hascombe, Surrey.

The couple's spokesman said the couple sped off on holiday following the humbling court appearance.

He said: 'They have gone away for a few days to chill out. It has been a very difficult time.'

Bovey has blamed the credit crunch for ruining his property empire, which was once worth £100million.

He was forced to sell his and Turner's £10million Surrey estate, Barbins Grange and put their £4million French ski chalet on the market. For now, the couple will continue to live at Sundown Cottage in Hascombe, Surrey, with the mortgage in Turner's name

Bovey lost control of his buy-to-let company Imagine Homes to the bank in October 2008, which ended up in administration last July.

Source: ' Daily Mail '

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