Westlife's Shane Filan is the latest star declared bankrupt with huge property debts | Mail Online

Westlife's Shane Filan is the latest star declared bankrupt with huge property debts | Mail Online

Singer Shane Filan, the 32-year-old member of boy band Westlife, has been declared bankrupt after his property empire crumbled.
Despite the Irish group selling 45million records, Filan is said to have amassed £18million debts.
In a statement, the pop star said he had 'worked long and hard' to tackle his debts and was devastated that his problems have come to this conclusion.

Devastated: Westlife singer Shane Filan, seen performing in Liverpool last night, is 'devastated' after he was declared bankrupt

Filan owns Shafin Developments Limited with his brother Finbarr. It was involved in developments in Counties Leitrim and Sligo in Ireland but went into receivership a month ago. KPMG was  appointed as the receiver on behalf of the Ulster Bank.
But earlier this week, the singer was declared bankrupt at Kingston-upon-Thames County Court and his name has been placed on the UK insolvency register.
The bankruptcy rules are less onerous in the UK than in Ireland, where bankrupts are blacklisted for up to 12 years.
In England & Wales, it is possible to be discharged from debts after year, and sometimes less.
He said: 'I have worked long and hard to try to reduce my debts, and I am devastated that it came to this conclusion.'