Devastated: Westlife’s Shane Goes Bankrupt
Westlife star Shane Filan has been declared bankrupt just days before the successful Irish group play their farewell show.
Last month, the singer’s property development company, based in the Republic of Ireland, went into receivership.
He is thought to have suffered losses as a result of the property crash in the country due to the economic problems.
Filan, 32, was declared bankrupt at Kingston County Court in Surrey.
The bankruptcy order lasts for a year, but if he had filed in Ireland it would have lasted for upwards of three years.
In a statement, he said it had been a difficult decision to take but he had “exhausted all other options”.
He went on: “Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail. I have worked long and hard to try to reduce my debts and I am devastated that it came to this conclusion.
“I now intend to focus on the remaining dates of the Westlife tour and my commitments to the band before looking to rebuild a future for my wife, my three children and myself.”
Westlife, currently on their final tour, have scored 14 Number One singles in the UK and more than two dozen top 10 hits.
In 2010, the group were estimated to have amassed a £31m fortune after shifting more than 44 million copies of their records around the world.
The group will wind up their 14-year career with a show at Croke Park in Dublin on June 23.