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  1. Sixties singing sensation Adam Faith has been declared bankrupt with debts of over one million pounds following the collapse of his television venture The Money Channel, which went into administrative receivership in 2001 owing £32 million.

    Former ‘Budgie’ star Faith had hits in the sixties and seventies with ‘Poor Me’, ‘Giving it all Away’, ‘Stop Feeling Sorry for Yourself’ and ‘Hand me Down Things’.

    Louise Brittain of Baker Tilly commented, "As a trustee in bankruptcy I will be investigating all of Mr Faith's financial arrangements to maximise asset realisations and ensure that his creditors get the best returns possible".