Shameless star Tina Malone says she’s bankrupt “because of stupidity”
Tina, who appeared in Celebrity Big Brother in 2009, was officially declared bankrupt last week after a former friend – who loaned Tina £37,000 – sought legal action to recover the money.
Of what happened, Tina told the Daily Mirror, “This is all completely my fault. I’ve been such an idiot.”
The paper reveals that Tina spent £90,000 on her wedding to fitness trainer Paul Chase, and that she spent “hundreds of thousands of pounds” on presents for friends and family as well as investing heavily in a film project which failed.
Tina also revealed that spent thousands on an all-expenses-paid trip to Jamaica for a friend’s 40th birthday and £4,000 on 15 pairs of Ugg Boots for family and friends…
She added, “I’m in this position because of stupidity. I have always been terrible with money. It burns a hole in my pocket.
“I have spent thousands on film and TV projects and even more on presents for other people.
“I’m a nightmare. If you’re my friend I’ll buy Christmas presents for you, your mum, your dad and your kids.
“I’m a sucker for a sob story and I just can’t say no. But despite all of that there’s no excuse and I hold my hands up.
“Telling my husband and my daughter Danielle was the hardest part of it. And when I told my bosses at Shameless what was going on I sobbed.
“They are massively supportive but I was ashamed. I just keep thinking about things I could have done differently. It was all so avoidable.
“I have been very depressed over all of this.”
Of her investment in the film project, Tina explained, “Eight years ago I wrote and produced my first ever film.
“I employed 38 people in Liverpool, paying them full whack.
“But then we got into post-production difficulties which is when the debts really started to mount up.
“At that time I’d paid everyone who was involved, the actors, the runners, everyone, but it didn’t end up making any money and it threw me into massive debt.
“One of my very good friends had lent me £20,000 and at the time I had insisted it was a loan and not a gift.
“I offered to pay her £25,000 in instalments but in recent years I have struggled to keep up with the repayments.
“I absolutely admit that I do owe her the money and I had always had every intention of paying it back, but then I suddenly got a bill for £37,000.
“There was just no way I could pay it. I offered to pay 10 grand up front and to go back to paying in instalments, but that wasn’t enough so she made me bankrupt.
“I used to be very close to her. I helped her through some tough times, but we obviously don’t get on now.
“I don’t believe in revenge, I believe in karma and I believe it will bite her in the a***.”
Under the terms of the court issued bankruptcy order, Tina now has to pay 70% of her salary to court appointed administrators, who will then dole out the money to her creditors.
Finally, Tina said, “I didn’t need to do that film eight years ago. I also didn’t need to give so much away.
“I have always been the kind of person who will give their last £50 away even if I need it to pay the electricity bill the next day – which, incidentally, will always have been left to the last possible minute anyway.
“And I didn’t need to buy those Ugg Boots, there was no reason for it, but I just like being nice. I would rather see other people happy than me. I just can’t help myself.
“Also my wedding last year set me back a lot of money. I signed deals with ITV and OK! and we’d planned to spend only £40,000, which would have been covered in the contracts. But it spiralled out of control.
“I had it at the Hilton, employed loads of people and invited everyone. It was an amazing do but cost £90,000.
“We were so short of cash after that we had to put our honeymoon back 11 months, but we still ended up going to the Maldives.
“I don’t know why I’m like that with money. Maybe it’s because of my late dad Frank. He always used to say, ‘you can’t take it with you’.
“Look, I come from a working-class background and I completely understand how lucky I am and that I’ve earned very good money over the years.
“But for the first six years of my working life I was bringing up a young child and basically doing acting jobs for free, trying to get by in any other way I could, never, ever signing on to the dole.
“I borrowed a lot from my parents around that time. I think that period is when I built up a lot of debts.
“You’d go through periods when you weren’t earning at all then you’d get a good job and pay it off, but then you’d be left with nothing and the debts would rack up again.
“I will pay all the money back and I will get through this because I’m a fighter.”
Tina is about to embark on filming for a new series of Shameless, which will air later this year, and in the meantime, I hope she can manage to pick herself up and carry on being the lovely woman she is. Good luck Tina!