Celebrity Chef Low on Dough

Written by JenL. Posted in Business Law, Celebrity Bankruptcy, Celebrity Divorce

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Published on June 22, 2009 with No Comments

Im a Celebrity Get Me Out Of Here! Press Conference

If you think your finances are a wreck you’re in good company. John Burton Race, celebrity chef and reality star of I’m a Celebrity…Get me Out of Here filed for bankruptcy in March of this year. John Burton Race was the winner of the Catey Award in 1995 which is the United Kingdom’s equivalent to our Oscar only in the hospitality industry. Together with his wife, who he is now in the process of divorcing, they ran the Michelin star awarded restaurant New Angel in Dartmouth, Devon in the United Kingdom. She closed the doors on the struggling business back in 2007 causing a scandal because she did it without consulting Race, who had left her for another woman.

When did he find the time to cook? As a result of this mess, he was forced to put the restaurant up for sale which was serendipitously purchased by his friend millionaire Clive Jacobs who graciously gave him back his job as head chef of the restaurant. Currently his assets are frozen and he has been assigned an insolvency practitioner to help deal with his creditors, which is the way bankruptcy is handled in the United Kingdom.

Perhaps a large serving of humble pie will do this celebrity chef some good.

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