British National Party Leader Nick Griffin Declared Bankrupt

The leader of the far-right party appears to have run out of money.

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Neil Hall / Reuters

Nick Griffin, MEP and chairman of the far-right British National Party, was yesterday declared bankrupt in Welshpool magistrate's court, a party officer confirmed to BuzzFeed.

It doesn't affect Nick's status [as an MEP]. There's a lot of nonsense going around that if you're made bankrupt you lose your seat. The rules were changed, you're not disqualified, and you can stand again.
This was a debt via a firm of solicitors that he has a considerable professional negligence claim against. They were offered a substantial amount every month as a settlement but rejected it. That's why we are where we are.Nick's taken this on the chin for the party, he's going to be standing again, he's been brave.A lot of people are struggling financially – it's not as if everyone's out there with a lot of money – and a lot of people have been screwed by the banks and political system, Nick's no different. But a lot of politicians screw the system and in this case the system's screwed Nick.
He doesn't own a house, he doesn't own anything, Nick. So that's where it stops.It was a really foolish thing to do by these solicitors because they believe they're going to get the money back.
You've got to have a bankruptcy restriction order against you to be disqualified. This is just a normal twelve month term of bankruptcy. This is no longer enough to disqualify you from standing again.Ironically, I think it's European law that's brought us in line. There's various things in European legislation that have been forced upon us and every cloud has a silver lining. I think it's due to pressure at European level for the UK to get in line.

UPDATE: Nick Griffin has since taken to Twitter to explain the situation. And says he is going to write a debt-advice book.

A note for all: Being bankrupt does NOT prevent me being or standing as an MEP. It does free me from financial worries. A good day!

Nick Griffin MEP

@nickgriffinmep

A note for all: Being bankrupt does NOT prevent me being or standing as an MEP. It does free me from financial worries. A good day!

/ Via

Party funds are not affected in any way. Our campaign in May will be our most professional yet & I will be lead candidate in the North West.

Nick Griffin MEP

@nickgriffinmep

Party funds are not affected in any way. Our campaign in May will be our most professional yet & I will be lead candidate in the North West.

/ Via

I am now turning the experience to the benefit of hard-up constituents by producing a booklet on dealing with debt. No surrender!

Nick Griffin MEP

@nickgriffinmep

I am now turning the experience to the benefit of hard-up constituents by producing a booklet on dealing with debt. No surrender!

/ Via