Nick Griffin bankrupt

[MK Shrimper]

Has been declared bankrupt. Fascism working out well for you Nick? :hilarious:

 

[Massimo Giovanni]

Fascism, racism, all of that and not too clever it seems.

 

[Another Surrey Shrimper]

For the last couple of years the BNP have been surviving off money that 3 or 4 old nasties had left the party in their wills, without that the party would have collapsed.
If he is bankrupt I think that would prevent him from becoming an MP (not that it's a possibility anyway) - I wonder how it effects his MEP status? Their other MEP quit the party a long time ago and keeps his seat as an MEP as an I dependent. As their only other real income stream this could be the end of them. And more votes for UKIP.

 

[Another Surrey Shrimper]

From an anti fascist website:

I don’t often post articles from far-right websites but this has more than hint of truth to it.


In a far reaching judgement, Nick Griffin, leader of what remains of the BNP, has today been declared bankrupt.


The landmark hearing occurred today at 11.00 am in the Welshpool County Court. The bankruptcy petition was presented for judgment by creditors of Griffin.


Griffin, who is no stranger to bankruptcy, arrived in Court with Simon Darby (former deputy leader and constant aide) , and an advisor from a firm of Insolvency Practitioners who applied for an IVA (individual voluntary arrangement).


Griffin declared himself as without assets and offered to pay 42p in the £ over 5 years to all his creditors – the balance to be written off. This was rejected by the petitioning creditor.


Deputy District Judge Fox dismissed Griffin’s application and then proceeded to deal with the bankruptcy petition, which he granted.


Lawrence McDonald, counsel for the petitioning creditor, referred to the filed BNP accounts as being healthy.


The Judge was satisfied with the petition and declared Griffin bankrupt.


In an earlier hearing on 6th Feb 2013, Griffin had been ordered to pay what amounted to nearly £120,000 in outstanding moneys and costs to one of his or the Party’s creditors. Griffin’s habit of procrastination is thought to have contributed as much as £60,000 of this sum.


In a separate move, it is understood there is an application to obtain an attachment of Griffin’s earnings at the European Parliament. This would mean his parliamentary salary will be docked in part settlement of his debts. His Parliamentary salary is attachable before the expected loss of his seat in the European Elections.


There is, however, a question mark as to whether Griffin will be permitted to retain his seat. In the UK, an MP who is declared bankrupt may no longer sit in the Commons and the same rule is expected to apply to a British MEP in the European Parliament. A declared bankrupt is not permitted to stand in elections during the period of bankruptcy.


It is not known how much the BNP owes in debts elsewhere. An employment tribunal remains outstanding in the sum of £25,000, quite apart from the vast costs of that case. It is also understood that many small traders are owed substantial amounts by what remains of the BNP, which Griffin still leads. One trader has apparently gone into liquidation because of Griffin’s non-payment.


Next week Griffin is due in Court again in a further hearing brought by other creditors. This is understood to embrace a figure of perhaps as much as £100,000, depending upon what sums have already been paid by either Griffin or the BNP.


For some time the BNP has been regularly boasting of the healthy nature of the party’s accounts and the size of legacies left by former members. It is questionable as to whether the party’s accounts have taken into consideration the sizeable debts owed to the party’s creditors. This, in turn, casts doubt on the veracity of the accounts filed on behalf of the party.


As the BNP continues to limp along on life-support, many ex members have suggested that the purpose of the party is to provide Griffin and his family with a salary when he loses his seat. A second purpose is to prevent any successor party from replacing it.


In 2009/10, the BNP’s membership was nearly 15,000. Today, excluding the ‘Life’ category of members – of which the majority have departed in disgust – the party’s membership is believed to have collapsed by between 80-90%.


Many ex members have accused Griffin of having squandered the efforts and resources of numerous members and as having dashed their hopes for the future.


Many will ask how it is possible for Griffin, who receives a considerable salary as an MEP and handsome attendance allowances, to be made bankrupt. Questions will therefore arise as to what Griffin has done with his salary, monies and assets. His financial activities, how he has spent his money, whether he has transferred it with the prospect of Court actions in mind will all almost certainly become areas of considerable interest for the Trustee in Bankruptcy and other interested parties to investigate. The Trustee will, no doubt, also wish to investigate ownership of the Trafalgar funds and accounts.


It’s from the British Democratic Party website

 

[londonblue]

So his whole persona of being a family man, and a man of principle is just lies. There's no principle in not paying people for work, especially if it leads to them going into liquidation.

 

[South Bank Hank]

So his whole persona of being a family man, and a man of principle is just lies. There's no principle in not paying people for work, especially if it leads to them going into liquidation.

Indeed. I feel for anyone not getting paid for work they've done. Perhaps the only sensible principle might have been not to provide services to such an odious organisation in the first place?

 

[maninasuitcase]

Indeed. I feel for anyone not getting paid for work they've done. Perhaps the only sensible principle might have been not to provide services to such an odious organisation in the first place?

Probably easier said than done in today's financial climate.

 

[maninasuitcase]

I wonder how much of the BNP's recent demise can be put down to Griffin's performance on QT in 2009. At the time there was such an outcry, but perhaps in the long run it was a good thing as it showed Britain what a horrible, odious man Griffin really was.

 

[Benfleet A1]

Indeed. I feel for anyone not getting paid for work they've done. Perhaps the only sensible principle might have been not to provide services to such an odious organisation in the first place?

Hmm, sounds a little familiar. Just like another odious little man who has knocked several firms in the not too distant past.