SAD: Stars of the Famed UK Reggae Band UB40 Now Face Bankruptcy

Five original members of the highly acclaimed and ground breaking British reggae band UB40 are now facing bankruptcy, according to a U.K. report.

It is reported that Liquidators are currently chasing Robin Campbell, Brian Travers, Terence Wilson, Norman Hassan and James Brown as part of an investigation into their finances.

Proceedings are due to begin at the Birmingham County Court in England on Monday, February 14th, 2011, reports Britain's News of the World.

The group, which ironically took its name from the Unemployment Benefit form 40 in the 1980s, has been under scrutiny from tax officials over its record label, Dep International, which was established in 1980.

UB40 which was formed in 1978 in Birmingham was a ground breaking reggae band who helped to popularize reggae both in Britain and internationally. The band has placed more than 50 singles in the UK Singles Chart, and has also achieved considerable international success. One of the world's best-selling music artists, UB40 have sold over 70 million records.