Dr Rudy King has been declared bankrupt in the Supreme Court.
The chairman of the King Humanitarian and Global Foundation had been pursued for an unpaid debt by Cavalier Construction Ltd.
Judge John Lyons handed down the bankruptcy judgment after hearing representations by attorney Roger Gomez, for King, and Dr Peter Maynard and Mr Jason Maynard, for Cavalier.
Registrar Mrs Estelle Gray-Evans will take possession of all King’s property until a trustee is certified by the court.
King, also known as Rudy King-Laroda, was recently at the centre of a controversy in Bermuda, where he was organising a summer charity event.
Bermuda’s daily newspaper, The Royal Gazette, reported that several big names “lined up” for the event – including actor Will Smith – had denied they were attending.
King was said in the bankruptcy order to be living at Raymond Road, Claridgedale Gardens, in eastern New Providence.
A creditors’ meeting is to be held on a date to be fixed.
