Shane Filan Bankrupt

wonderfullife

http://www.bbc.co.uk/news/world-europe-18438032

Flying with Wings might have been a better idea :pac:

Inevitably this means a Westlife reunion after the Westlife farewell tour and then probably a raft of re-release albums. :rolleyes:

smash

Didn't he screw us over for loads of outstanding loans on properties?

davet82

In the words of Nelson Muntz...



HA-HA!

:P

Professey Chin

Mr Filan owns a property company, Shafin Developments Limited, with his brother Finbarr.

It was established in 2004 and had been involved in developments in Counties Leitrim and Sligo in the west of Ireland.

What exactly did he expect?

Phoenix Park

I doubt he'll starve...

Newaglish

Oh look, another rich person who is magically resident in the UK and declares bankruptcy there instead of in Ireland.

lmao

So he moves to the UK the end of last year, is declared bankrupt in less than 12 months living there but will still pick up a cheque for € 4 million for the upcoming Westlife tour. How the f$%k can this even be possible? And as mentioned above who the hell advised him to build 90 houses in Co. Leitrim as an investment?

pappyodaniel

Tut tut, he should have stuck to what he was good at and that's ..........
.........
.........
.........
:rolleyes: *scratches head*

Cosmic.Postman

Why the hell do any of you lot care about this man's personal life? Leave him be. Yes he was an awful eejit with all them loans, but seriously, what the papers are doing to him and his family is bad enough. So stop bashing him.

stovelid

Forget bankruptcy.

Imagine being christened Finbarr Filan.

SEPT 23 1989

Can he apologise for Westlife as well

yosser hughes

davet82 wrote: »

In the words of Nelson Muntz...



HA-HA!

:P

Not sure what's so funny. he' the one that's laughing. It's his creditors I feel sorry for. Bankruptcy tourism by another Irish property bubble failure.
He will still be very well off. he's getting away with it.
If you're an Irish taxpayer, you are taking a hit in this case.
Are you still laughing.

smash

Newaglish wrote: »

Oh look, another rich person who is magically resident in the UK and declares bankruptcy there instead of in Ireland.

He'll be back to making millions in royalties in 12 months. B@stard should be forced to pay off his loans.

davet82

yosser hughes wrote: »

Not sure what's so funny. he' the one that's laughing. It's his creditors I feel sorry for. Bankruptcy tourism by another Irish property bubble failure.
He will still be very well off. he's getting away with it.
If you're an Irish taxpayer, you are taking a hit in this case.
Are you still laughing.

party pooper

bijapos

Maybe he can use some of his cash from his next gig to do a basic clean up of his ghost estate in Dromahair.

Linky:
http://www.leitrimobserver.ie/news/business/receivers-appointed-to-shane-filan-s-property-company-shafin-developments-ltd-1-3821324

Mousewar

Always amazing me how someone already rich beyond most people's dreams pursues even more money. Unbelievable greed and appalling that afterwards he'll still be a millionaire while the rest of us pick up the tab.

yosser hughes

Cosmic.Postman wrote: »

Why the hell do any of you lot care about this man's personal life? Leave him be. Yes he was an awful eejit with all them loans, but seriously, what the papers are doing to him and his family is bad enough. So stop bashing him.

Because the likes of him and his ilk will not pay what they owe even though they will still be very wealthy. He owes Irish banks money, that means he owes the Irish taxpayer money and is pulling a fast one on this.
If you pay taxes then he is taking the piss out of you.
That's why we care.:rolleyes:

jayteecork

He's on the "farewell" tour with Westshíte now, then he'll milk the teenage muppets for a few quid with his solo album, then he'll be back with west****e again on the "comeback" tour, all orchestrated by Louis Walsh, aka SATAN.

His wife is a bit of a munter too.

LizT

wonderfullife wrote: »

http://www.bbc.co.uk/news/world-europe-18438032

Flying with Wings might have been a better idea :pac:

Inevitably this means a Westlife reunion after the Westlife farewell tour and then probably a raft of re-release albums. :rolleyes:

It doesn't actually as the other three have made their money and didn't piss it away. I heard that Shane Filan has a solo contract anyway.

In a statement, the 32-year-old said he had "worked long and hard" to tackle his debts and was devastated that his problems have come to this conclusion.

Standing around on a stage singing like a ponce isn't working hard. The guy should be made work down a coal mine until he's paid his debts so he knows what working long and hard really means.

jayteecork

bijapos wrote: »

Maybe he can use some of his cash from his next gig to do a basic clean up of his ghost estate in Dromahair.

Linky:
http://www.leitrimobserver.ie/news/business/receivers-appointed-to-shane-filan-s-property-company-shafin-developments-ltd-1-3821324

What got that idea into his head?

Build an estate in the middle of nowhere in bogland Ireland.

Did he honestly think they'd be flocking in?

davet82

jayteecork wrote: »

What got that idea into his head?

Build an estate in the middle of nowhere in bogland Ireland.

Did he honestly think they'd be flocking in?

I think he did it just to piss the Irish taxpayer off :cool:

Tin Foil Hat

Cosmic.Postman wrote: »

Why the hell do any of you lot care about this man's personal life? Leave him be. Yes he was an awful eejit with all them loans, but seriously, what the papers are doing to him and his family is bad enough. So stop bashing him.

Yes. Because there are no consequences for anyone else for the bad debts he leaves unpaid.

JoeyJJ

Clown, I bet he will sign his Solo contract on June 12th next year once he is out of this obligations.

Hope he stays over there, wonder will the house in Carraroe have to go or is it gone?

JerryHandbag

pappyodaniel wrote: »

Tut tut, he should have stuck to what he was good at that's ..........
.........
.........
.........
:rolleyes: *scratches head*

Pulling Derek Zoolander style poses for magazine shoots, he's a total pro at that.

Cee-Jay-Cee

JoeyJJ wrote: »

Clown, I bet he will sign his Solo contract on June 12th next year once he is out of this obligations.

Hope he stays over there, wonder will the house in Carraroe have to go or is it gone?

Still there and still his as far as i know.

alphabeat

Deleted User wrote: »

Standing around on a stage singing like a ponce isn't working hard. The guy should be made work down a coal mine until he's paid his debts so he knows what working long and hard really means.

LOL im no fan of Filan , but this statement is utter garbage .

You work your ass off for years and years just to be able to stand on that stage - do you think it just magically happens ?
if so why the fcuk isnt everyone doin it ?

Id like to see you do it. :pac: :pac:

thebourke

why is it the richer you are the less chance you will have to pay back any bad debts you owe...where as if you owe a few hundred...thousand euro...the banks will keep harrassing you for the money
one law for the rich..another law for the poor....

Mousewar

Deleted User wrote: »

Standing around on a stage singing like a ponce isn't working hard. The guy should be made work down a coal mine until he's paid his debts so he knows what working long and hard really means.

Bear in mind, he also occasionally rises slowly and dramatically from a stool.

davet82

I think all Westlife fans should have a whip-round for poor aul shane?

Zebra3

jayteecork wrote: »

He's on the "farewell" tour with Westshíte now, then he'll milk the teenage muppets for a few quid with his solo album

Afaik it's actually adults that go to watch those mongs "perform".

Gummy Panda

davet82 wrote: »

I think all Westlife fans should have a whip-round for poor aul shane?

I think all westlife fans should be whipped

ilovesleep

Shane was clearly taking advice about investments from Nicky Byrne's father/prick in law.

mike65

The most mind bending thing about all this is that someone who was coining it in pop music woke up one morning and decided that building houses would be a good idea. I can only presume his brother was the one who talked him into "investing" in a dream of ropey estates in Sligo and Leitrim

keano_afc

So hang on, he's English now?

JonathanAnon

davet82 wrote: »

I think all Westlife fans should have a whip-round for poor aul shane?

I'm sure Bertie has already suggested that to Nicky Byrne...

mike65

No doubt the other Westlifers will help out Shane with the odd expensive car and such like until his income stream is repaired....meanwhile how many suppliers have been left short?

smash

mike65 wrote: »

No doubt the other Westlifers will help out Shane with the odd expensive car and such like until his income stream is repaired....meanwhile how many suppliers have been left short?

I'd say his income stream has barely been damaged.

I'm not really shocked by this news considering he drove around in a UK reg Aston and lived in sligo.

later12

AH posters must be highly unusual people if they would face a long & expensive bankruptcy process in Ireland, for patriotic reasons, as opposed to opting for the more sensible process available in the UK, where Filan is presumably a resident or where he conducts a good deal of his business.

I think it's tragic how many people still cackle like angry poultry when someone else faces serious financial losses and seeks to resolve their investment mistakes, especially when they never set out to cause harm or distress. This is business, and bankruptcy is an essential aspect of business life and entrepreneurship; I think some people need to step away from the pulpit.

davet82

later12 wrote: »

AH posters must be highly unusual people if they would face a long & expensive bankruptcy process in Ireland, for patriotic reasons, as opposed to opting for the more sensible process available in the UK, where Filan is presumably a resident or where he conducts a good deal of his business.

I think it's tragic how many people still cackle like angry poultry when someone else faces serious financial losses and seeks to resolve their investment mistakes, especially when they never set out to cause harm or distress. This is business, and bankruptcy is an essential aspect of business life and entrepreneurship; I think some people need to step away from the pulpit.

pffft... westlife fans, what do they know :rolleyes:

smash

later12 wrote: »

AH posters must be highly unusual people if they would face a long & expensive bankruptcy process in Ireland, for patriotic reasons, as opposed to opting for the more sensible process available in the UK, where Filan is presumably a resident or where he conducts a good deal of his business.

I think it's tragic how many people still cackle like angry poultry when someone else faces serious financial losses and seeks to resolve their investment mistakes, especially when they never set out to cause harm or distress. This is business, and bankruptcy is an essential aspect of business life and entrepreneurship; I think some people need to step away from the pulpit.

Yea that's all well and good, but we're picking up the tab. It's nothing to do with being patriotic, it's to do with being screwed over. The guy will never fall on hard times with the revenue he makes.

mike65

Why these jumped up developers need stopping (or thank God for the crash)

http://sleepingwarrior.com/blog/shane-filan-and-the-power-that-dare-not-speak-its-name-part-1/

later12

smash wrote: »

Yea that's all well and good, but we're picking up the tab. It's nothing to do with being patriotic, it's to do with being screwed over. The guy will never fall on hard times with the revenue he makes.

I'm not sure how much of a tab 'we' are picking up. do you?

Either way, I don't seriously believe many people would behave differently. If you were faced with bankruptcy, and you had a choice between financial ruin for years to come in Ireland, or a quick resolution of your debts in the UK, which would you choose? The funniest thing is that creditors are usually no better off as a result of the longer resolution process in Ireland - it appears to be a mainly punitive, anti-entrepreneurship measure.

ScumLord

jayteecork wrote: »

He's on the "farewell" tour with Westshíte now, then he'll milk the teenage muppets for a few quid with his solo album,

they're not teenagers any more, they're probably all single mothers because they lived their life they way westlife lyrics told them too. More than likely heavily in debt from buying a never ending stream of westlife branded nonsense, and alone, so alone.

MistyCheese

later12 wrote: »

when someone else faces serious financial losses

Damn straight! The poor man is gutted, he was going to buy that ivory backscratcher.

goat2

i am wondering what is the exact number of businesses that were over fincanced by the banks during the bubble, that are now crashed, leaving the fools (us) to pay their bills

dasdog

Whatever about his insult to music over the years, this is where pitchforks and mob rule by night spring to mind.

"...a steady stream of highly indebted Irish property developers who have filed for bankruptcy in the UK"

smash

later12 wrote: »

I'm not sure how much of a tab 'we' are picking up. do you?

"Filan is said to have amassed £18million debts"

Read more: http://www.thisismoney.co.uk/money/celebritymoney/article-2159136/Westlifes-Shane-Filan-latest-star-declared-bankrupt-huge-property-debts.html#ixzz1xlhQDzk1

snubbleste

What happens to the properties? Isn't his brother a director of one of the property companies, has he been declared bankrupt too?

hondasam

I don't think he is going to starve. He did what most of would do in the same situation to try salvage something for himself.
I'm sure he was not involved in the day to day running of the business.

Micky Dolenz

davet82 wrote: »

In the words of Nelson Muntz...



HA-HA!

:P

I don't know what you're laughing about. We'll have to pay for it.