Conservative MP Adam Afriyie has been made bankrupt after a judge heard he owed around £1m to HMRC and £700,000 to Barclays bank.
A bankruptcy order was made against the MP at a hearing in the Insolvency and Companies Court on Tuesday.He said: "This has been ongoing for many years following business failures some time ago.
"It'll be tough for a while, but I'm far from the only person in a difficult position, and I will continue to do my best to support my constituents until the next general election when I'll be standing down." HMRC and Barclays opposed pausing the case, with the bank's barrister arguing that the company had "lost patience" adding: "We have seen no credible evidence that the property will be sold any time soon."
“I shall make a bankruptcy order.“It seems to me there is no evidence of there being any reasonable prospects of paying debts in full.”Adam Afriyie with wife Tracy-Jane before the 2015 election.
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