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Thursday, June 14, 2012 7:54am by  
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Westlife's Shane Filan declared bankrupt

Westlife star Shane Filan has been declared bankrupt with debts of £18m.

The news was confirmed at a court ruling this week at Kingston County Court after the singer had seen his property empire crumble.

Filan had taken out bank loans to build a 90 home estate in Co Leitrim but the project is said to have only built over 50 houses.

Filan - who is currently on Westlife's farewell tour - said that he is "devastated" at the ruling. He is quoted by the Mirror as saying:

"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."

He continued: "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."

 

 

 

Watch Westlife's 'Lighthouse' below: