Parma went bankrupt after just one minute trial hearing . manager Giampietro was not at hearing after he was arrested on Wednesday on charges of money laundering and fraud . Serie A clubs have not paid their players or staff in months .
Parma declared bankrupt after just 10 minute court hearing . Owner Giampietro Manenti not at hearing after he was arrested on Wednesday on charges of money laundering and embezzlement . Serie A side have not paid their players or staff in months .