Former Hull City striker Dean Windass was made bankrupt on Monday, with estimated debts of around £160,000.
According to the Sun, the bankruptcy order was passed by Registrar Stephen Baister after an application was ordered by HMRC.
A preliminary hearing in October found that the former Premier League striker owed the taxman as much as £150,000. 47-year-old, Windass was not present at the hearing in London, but was represented by his lawyer.
Throughout his career Windass made over 700 club appearances, finding the back of the net on over 200 occasions. The Hull born striker represented several teams such as Aberdeen, Oxford, Bradford and Middlesbrough - but is most famous for his heroics for Hull City in the 2008 Championship play-off final. His volley at Wembley secured Premier League football for the time in Tiger's history. Windass now serves as an ambassador for the club.
He took to Twitter yesterday to thank his former teams for their support.
He had earlier tweeted: "Sad to be declared bankrupt today. Took some bad financial advise on the film industry in 2001, a lot of other players did too. However thanks to @HullCity and my fiancé I have now got my life back on track. Thanks for all the kind messages."
Since retiring Windass has revealed he attempted to commit suicide on two separate occasions in January 2012, following battles with alcohol and depression.