Four members of the decade-spanning reggae band UB40 are "officially penniless" and have declared bankruptcy following the decline of the band's record firm and management company, the Telegraph reports. Brian Travers, Terence "Astro" Oswald, Jimmy Brown, and Norman Hassan are now in danger of having their property seized after a British court demanded they pay off their debts and thousands in legal fees. The band has been on the precipice of financial disaster since 2008, when lead singer Ali Campbell ditched the group because he felt bankruptcy was inevitable. "This is the very reason why I left the band," Campbell said in July. "This was my biggest fear when I was with them, that bankruptcy was going to happen, and no one can say I didn't warn them."
Ironically, the band's moniker is an abbreviation of "Unemployment Benefit, Form 40," which is something its members might soon find themselves filling out in order to dig themselves out of their debt. UB40 continues to perform live,Read More »from UB40, You Be Bankrupt