Westlife singer Shane Filan has been declared bankrupt after his property empire in Ireland has collapsed, leaving him with a whopping debt of £18million.
Shane Filan set up Shafin Developments with his brother Finbarr and borrowed millions from several banks in their native Ireland to construct a 90-home estate in Dromahair, Co Leitrim. However, out of the 90 houses planned, only half of them were actually constructed-- with many selling for less than they had cost to build.
Labels: International News
