Former two-weight world champion Ricky Burns has been left with only £228 to his name after his legal battles with Frank Warren. The 31-year-old, who fights in Texas on May 9 against Omar Figueroa, has declared himself bankrupt this week with debts of £419,888 after a courtroom showdown with his former promoter. Warren had claimed unsuccessfully for £1.8million in lost profits at the High Court in London last year after Burns joined Eddie Hearn’s Matchroom stable on March 11, 2013. But the judge also ruled Burns was not entitled to end the promotional agreement with Warren’s company and owed him commission. Ricky Burns, pictured in action against Raymundo Beltran in 2013, has been declared bankrupt . The former world boxing champion said his remaining assets are worth only £228 . Boxing promoter Frank Warren (left) and Burns, pictured here in 2010, were embroiled in a courtroom battle . Burns paid his own £200,000 legal fees and a further £170,000 to cover Warren's damages . Burns teamed up with promoter Eddie Hearn in 2013 amid frustrations over two postponed fights . In December, Burns paid his own £200,000 legal fees and a further £170,000 to cover Warren’s damages and costs. The judge ruled Frank Warren Promotions owed Burns £102,000 in purses but said he was unlikely to receive anything from the liquidated company. Frank Warren said: ‘I brought a claim against Ricky Burns because he wrongly terminated his management and promotional agreements. I offered to meet him to try to sort things out after he had terminated, but he did not take me up on this offer.’ Burns and Warren are pictured at a press conference in 2012 before they went their separate ways . The Scottish fighter, in action against Jose Gonzalez in 2013, joined Eddie Hearn's Matchroom Boxing . Burns is hoping to revive his career in America with a fight against former world champion Omar Figueroa .
Ricky Burns has gone bankrupt with debts of more than £400,000 . Scottish fighter said his remaining assets are worth just £228 . Burns applied for bankruptcy after courtroom battle with Frank Warren . Both Burns and Warren declared victory after the High Court showdown . But Burns paid £200,000 legal fees and a further £170,000 . A previous version of this story repeated a claim that suggested Eddie Hearn had encouraged Mr Burns to leave Mr Warren’s management. We have since learnt that the court considered and rejected a similar allegation and we have taken immediate action to amend the article. We apologise for repeating the allegation.