A CONTROVERSIAL councillor who was declared bankrupt has pledged to continue his political career.
Coun David Potts, who represents Cleadon and East Boldon for Ukip, says he is making “no excuses” after he was issued with a personal bankruptcy order at Sunderland County Court last month.
The 30-year-old financial market trader, whose political career has been dogged by controversy, admitted he had made professional mistakes and that he was a “victim of the current state of the UK and international economy”.
But he insisted he had personally petitioned for bankruptcy after realising he was in financial trouble.
Coun Potts, who hopes to be his party’s candidate for Northumbria Police and Crime Commissioner, compared his decision to when he admitted an addiction to alcohol two years ago.
He said: “I recognised there was a problem, just as I did with my alcohol addiction in 2010. I took action then and I have taken action now.
“The bottom line is that I’m a trader and this is just one of those things that happens.
“I am sure that my political opponents will try to make the most of this, but I do not see in any way how this affects my political life.
“I remain completely committed to serving the people of Cleadon and East Boldon.
“There is a person made bankrupt every three minutes. I am not ashamed.
“The circumstances I have been working in have been extremely difficult.
“This has been a personal dilemma, but I realised that I had a problem, that the wolf was at the door, and I took action.”
Meanwhile, Coun Potts has confirmed his bid to be police commissioner is still up and running.
He added: “I’m still going for it.
“I actually don’t agree with the role, but it’s an important position.”
The Electoral Commission has confirmed that bankruptcy is no disqualification from standing for election.
Coun Potts has been a representative on South Tyneside Council since 2004, originally as a Conservative.