Corrie star Michael Le Vell is “over the moon” after his bankruptcy was officially ended.
He was formally discharged this week after 12 months of being broke – despite earning £250,000 on Britain’s No1 soap.
Le Vell is now able to rebuild his life and can open a new bank account after his account was frozen last year as a condition of his bankruptcy.
The actor, who plays Kevin Webster in ITV’s Coronation Street, was declared bankrupt after his debts spiralled out of control following his divorce.
But official records show Le Vell had the order lifted on January 8 under his real name, Michael Robert Turner.
Le Vell declared himself bankrupt after his debts spiralled out of control following his divorce
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The 54-year-old is now free to set up a company and be a director but details of the bankruptcy will remain on his credit files for another six years.
A friend said: “Michael is over the moon that this hell has finally ended.” When the bankruptcy was disclosed last year, HMRC was named as the petitioner in the High Court and sources at the time revealed the television actor’s outstanding bill was “a six-figure sum”.
It came after he was forced to fork out £200,000 in legal fees in a trial over child abuse claims in 2013.
He was found not guilty but Ministry of Justice rules prevent people who can afford their defence from receiving tax-funded paybacks after the case.
It meant all of the funding came out of the star’s own pocket.
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Dad-of-two Le Vell sold his £750,000 Cheshire home after his 25-year marriage to actress Janette Beverley collapsed.
Friends revealed at the time how Janette looked after the money during their marriage but Le Vell failed to keep on top of his tax situation following their 2011 split.
A friend had said: “She controlled the purse strings so kept him in line. Now he’s on his own it has all spiralled out of control.”
Le Vell joined the hit soap in 1981 and he met Janette on the show several years later.
Coronation Street last night declined to comment.
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