"John Barnes is facing a new bankruptcy petition from HM Revenue & Customs over debts from his liquidated media company, totaling over £1.5 million."
"Liquidators indicate that HMRC is owed £776,878, with unsecured creditors due £461,849, leaving minimal funds for distribution after Barnes's partial repayment of a director's loan."
"Barnes, previously facing multiple bankruptcy petitions, was banned from being a company director for failing to pay significant taxes between 2018 and 2020 despite substantial turnover."
"Since 2022, Barnes has remained active as a Liverpool FC club ambassador and continues to comment on football and social issues, despite ongoing financial difficulties."
John Barnes is facing a fresh bankruptcy petition filed by HMRC related to debts of over £1.5 million from his now-liquidated company. Reports indicate that HMRC is owed £776,878 along with £461,849 to unsecured creditors and a £226,000 director's loan. Barnes has repaid £60,000 of the loan but liquidators suggest that there will be minimal payouts to creditors. After multiple bankruptcy petitions and a ban from company directorship due to tax failures, he remains involved as a Liverpool FC ambassador, continuing to engage with the public on football topics.
Read at Business Matters
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