Photo: WENN.com
Westlife lead singer Shane Filan has been declared bankrupt after losing all his boyband millions in the UK's property crash.
The singer has filed for bankrupcy in the UK after his property company, Shafin Developments Ltd, into which he invested his earnings from the boyband's international success, was placed into receivership last month.
"I have worked long and hard to try to reduce my debts, and I am devastated that it came to this conclusion," says Filan in a statement. "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."
The singer also had to sell his Aston Martin for £322,000 in an attempt to bring in some cash, but now all property developments he was working on, including a nursing home and a supermarket, have been halted.
Filan is expected to earn £4million from Westlife's farewell tour and was expected to launch a solo career following the boyband's finish.
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