David Bone Jr was made bankrupt today at the Wigan County Court. He did not appear, as you might have guessed.
The Official Receiver is appointing a trustee to manage CoBo's assets and sort out the tangle of their financial affairs. This promises to be a most difficult and protracted task and readers are advised to settle in patiently to await the eventual outcome.
We shall communicate on this blog any news that reaches us about the progress of the investigation and management decisions.