The Conservative MP Adam Afriyie has said he will not quit as an MP after being made bankrupt by a court ruling, which found he owed about 1.7m.
Afriyie was pursued by creditors including HMRC for 1m in unpaid tax and Barclays Bank. He asked for more time to sell the family home in order to pay his debts. But the judge ruled Afriyie had had long enough to make arrangements and ordered bankruptcy.
Under parliamentary rules, sitting MPs who are declared bankrupt have do not have to step aside unless a more severe bankruptcy restrictions order is made against them, which can be imposed if the bankrupt refuses to cooperate with the process or is suspected of hiding assets.
In a statement, the Windsor MP said he would stand down at the next elec…
Read the full article at: https://www.theguardian.com/money/2022/dec/13/adam-afriyie-says-he-will-not-quit-as-conservative-mp-after-bankruptcy-order