Andrew Appleyard and Mark Sands of Baker Tilly have been appointed as joint trustees in bankruptcy for Louis Jon Osbourne, son of rock legend Ozzy Osbourne.
Louis Osbourne was declared bankrupt in October 2013 along with his wife Louise Ann Osbourne after both personally petitioned for bankruptcy.
According to the official receiver’s report, Osbourne, who was listed as a “musician/music industry professional” in the report, accrued credit from 2003/2004 to late 2012 and utilised this to “supplement his income and consolidate his debts.”
Osbourne attributed the bankruptcy to a “reduction in his income.”
The report does not make clear the extent of either Louis or Louise Osbourne’s debts, but states that in both cases “there appears to be no prospect of a distribution to creditors.”
Osbourne petitioned for bankruptcy three months after founding his own record label, All Night Records, with business partner Jamie Anderson in July 2013, after a successful stint as a DJ in Ibiza.
Louis Osbourne is the eldest son of Black Sabbath frontman Ozzy, from the rock star’s first marriage to Thelma Riley, and has appeared on the family’s reality TV show ‘The Osbournes’ that aired between 2002 and 2005.