TV's Secret Millionaire declared bankrupt

Thu Sep 03 11:22AM by TV Editor

Secret Millionaire Chek Whyte

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A businessman who appeared on Channel 4 series Secret Millionaire has reportedly been declared bankrupt.

Self-made millionaire Chek Whyte, who gave away thousands of pounds on the programme, is believed to owe £30m and had been attempting to make arrangements to continue traiding while paying off his debts, reports the BBC.

Manchester law firm Pannone LLP, acting on behalf of creditor Halls Furnishings Ltd, said: "As has been reported, Mr Whyte had put forward proposals for an individual voluntary arrangement which were withdrawn and therefore, as no further proposals were put to creditors, the court made the bankruptcy order.

"Mr Whyte's exposure on TV has portrayed him as an altruistic individual but sadly his business dealings have left him owing suppliers tens of thousands of pounds and these businesses have to take steps to recover monies owed to them."

The property developer made his fortune from renovating dilapidated buildings including Colwick Hall and Clifton Hall in Nottingham.

Whyte told the BBC in July: "I will do my utmost to get them paid, that is my only goal. I'm going to work for the next so many years... five years, to get everybody paid. If I can get them paid in the short-term rather than the long-term it's better for everybody."

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User comments

  • (1)

    Good luck to him. Any man who pulls himslef up has nothing bu my admiration. He will be back on top.

    Posted by: rdemeath on Sat Sep 05 09:18AM | Report abuse
  • (2)

    thats life !!!!!!!!!!!

    Posted by: ronnong on Sun Sep 06 07:26AM | Report abuse
  • (3)

    Good Man, somebody in GB with a conscience. mcghee

    Posted by: mcgheeytc on Sun Sep 06 08:11PM | Report abuse
  • (4)

    I have no doubts that chek will bounce back. He has proven that he has what it takes. Good luck to you sir, you deserve it.

    Posted by: euroanker on Mon Sep 07 12:38AM | Report abuse
  • (5)

    YOU DON'T NEED MONEY TO BE HAPPY

    Posted by: jimmywilson8 on Mon Sep 07 10:50AM | Report abuse
  • (6)

    Guess that's why he's the secret millionaire.

    Posted by: a_tizzy2004 on Mon Sep 07 02:59PM | Report abuse
  • (7)

    This is just another example of the British propaganda machine misleading the public "Browns Britain is so prosperous. Full of alturistic millionaires. etc. etc. etc." In reality, this man is no more an alturistic millionaire than Gordon Brown is an elected Prime Minister!

    Posted by: rollsroyceuk on Tue Sep 08 11:15AM | Report abuse
  • (8)

    No big deal he can get over this,my husband was bankrupt but it didnt stop us and we bought our home and have a good credit record.It isnt always your fault .

    Posted by: frances_hammond on Tue Sep 08 01:43PM | Report abuse
  • (9)

    Sad to hear about this man. I watched the show and found him to be down to earth. Its unfortunate that this has happened in this climate but it can happen to us all. no matter how much money or little in my case, this credit crunch is a bastard and it can happen to anyone in any walk of life.

    Posted by: davy2win on Tue Sep 08 01:51PM | Report abuse
  • (10)

    good luck to you i saw the program and you did a fantastic job, you will be back on top soon, if peter jones can do it so can you

    Posted by: melvinfish245 on Thu Sep 10 07:27PM | Report abuse