Van Day was declared bankrupt on 15 August by his own petition.
The musician’s main creditors are his business partner Mike Nolan, who is owed £94,000, and two banks.
Van Day, who was part of 80s band Dollar, joined Bucks Fizz in 1995. But later, the singer left the band along with original member Nolan and set up a new band which also toured as Bucks Fizz.
A dispute over the name erupted when Nolan left the new band in 2001. The owners of the copyright of the Bucks Fizz name served an injunction against Van Day when the singer attempted to keep the band going under that name.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies