Ozzy Osbourne's son declares bankruptcy

Emma Woollacott

Ozzy Osbourne's eldest son, Louis, has filed for bankruptcy, three months after starting his own record label.

According to papers filed with the Birmingham County Court, both he and his wife Louise were declared bankrupt on September 25. It is not known how much they were in debt, or who their creditors were. According to the Birmingham Mail, Osbourne, 38, is believed to got into financial difficulties after investing in the Irish property market.