Westlife's Filan to stay in UK as bankruptcy ends
Published 12/06/2013 | 05:00
BUST Westlife singer Shane Filan has been discharged from bankruptcy in the UK a year after declaring debts of up to €23m.
But he has no plans to return to Ireland.
The Co Sligo man moved to Surrey with his family last year and filed for bankruptcy just over a week before Westlife's farewell gigs in Croke Park.
But while he is now debt-free, the singer's creditors are still set to benefit from a portion of the proceeds of a record deal signed in April to kick-start his solo career.
Mr Filan is one of the most high-profile Irish people to have been discharged from their debts in just 12 months in the UK, as opposed to three years in Ireland when new personal insolvency legislation is implemented.
A source said that the 33-year-old considers London his base now and has "no plans" to return to Ireland.
"He sees London as his home for now, his record company are there and his kids are all settled and happy in local schools.
"He sees no reason to uproot them again, he'll be in the UK for a while."
According to the source, creditors will "recoup some of the monies owed to them" because Mr Filan chose to sign his record deal before the bankruptcy was discharged.
He had previously run a property development company, Shafin Developments, in the north-west with his brother Finbarr.
It went into receivership last year with debts of €18m.