While Gordon Ramsay is known for his know how in the kitchen, his financial debt is what landed him in the headlines this week, and his publicist has shut down rumors that his lucrative company is heading for bankruptcy.

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Ramsay's rep told Radar Online, "This is an inaccurate interpretation of the public filings that were reported widely in the media back in May, and any claim that the company is anywhere near bankruptcy is ludicrous.

"It is standard for the head of the company to deliver loans to expand the business and ensure experiences remain first class, and the Gordon Ramsay Group, which is under the parent group Kavalake Limited, continues to deliver a strong performance, with growth year on year."

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But according to the site, the Hotel Hell, Kitchen Nightmares chef owes creditors millions of dollars that they are ready to collect stat. His empire Gordon Ramsay Holdings is just one of his businesses that is facing a surmount of financial woes. When it comes to the fiscal year that ended August 31 of last year, Kavalake brought in $36.5 million. But it also suffered a loss of $45.8 million from expenses as well as $9.2 for operations. Bringing the total loss for that year to $10.8 million.

If that wasn't bad enough, Kavalake only had $7.4 million available and owed a whopping $50.5 million that's due within the next year.

Check out the complete financial outline of Ramsay's alleged struggling businesses over at Radar Online.

Tags: Gordon Ramsay Gordon Ramsey Bankrupt Bankrupt Celebrities