Could John Barnes opt for an IVA?

Former Liverpool and England footballer John Barnes has been declared bankrupt by Her Majesty's Revenue and Customs.

While Barnes has suggested that the issue is nothing more than a "tax oversight" and applied to have the bankruptcy order annulled, his assets are currently being evaluated by the official receiver, according to the Insolvency Service.

Should the ex-midfielder's claims of an ability to pay the overdue tax bills not come good, he could consider entering into an individual voluntary agreement (IVA) in order to pay back the money owed.

Earlier this year, Barnes made clear his aversion to bills when he said: "I don't like dealing with taxes, of course. I just hate not having enough money. Apart from that, I don't like dealing with bills and never have done."

The former Jamaica national team boss was sacked as manager of Tranmere Rovers earlier this month.


Source