The far-right politician was named on a list published by the Insolvency Service after being declared bankrupt at Welshpool and Newtown county court on Thursday.
On Twitter, Griffin said: “Being bankrupt does not prevent me being or standing as an MEP. It does free me from financial worries. A good day!
“Party funds are not affected in any way. Our campaign in May will be our most professional yet and I will be lead candidate in the north-west.
“I am now turning the experience to the benefit of hard-up constituents by producing a booklet on dealing with debt. No surrender.”
The party also posted a lengthy explanation on its website, saying Griffin was declared bankrupt after a petition by his former solicitors, Gilbert Davies.
The statement said Griffin applied for an IVA (individual voluntary arrangement) offering to pay 42p in the pound over five years to all his creditors but this was rejected by the firm. It said the BNP leader has no significant assets and the bankruptcy order will mean only a small fraction of his debts are recovered.
In an earlier hearing, Griffin had been ordered to pay nearly £120,000 in outstanding moneys and costs to Gilbert Davies & Partners of Severn Street, Welshpool.
The BNP rejected “ill-informed speculation” and “gossip” about whether the bankruptcy might prevent Griffin from holding office as an MEP. It said the Enterprise Act 2002 means bankruptcy no longer prevents a person standing as a candidate or holding office as an MP or an MEP.
Griffin also hit out at journalists wanting to talk to him about the case. “To all the NUJ pressitutes wanting interviews on this politically irrelevant nothing, if you’d called when I helped stop Cameron’s Syrian War, I’d take you seriously.
“As it is, I’m busy this a.m. campaign planning, so take copy off our website and call me after lunch,” he added on Twitter.
*Article from the guardian.com