debts, loans and bankruptcy

In all, Sue Davenport owed in excess of 90,000 when she applied to make herself bankrupt.

The biggest creditor is her former employer, with the credit union owed just under 40,000 in outstanding loans. A further 8,000 is due to HM Revenue and Customs in unpaid taxes.

In her role as chief executive, Mrs Davenport had come to national prominence and in 2006 gave expert advice to the Treasury Select Committee in Parliament on the issue of financial inclusion.

But despite heading an organisation designed to help people excluded from mainstream banking because of poor credit ratings, the remainder of Mrs Davenport’s outstanding debts involve a long string of unpaid credit card bills.