Tuesday July 14, 2020

Bankruptcy: a booming Irish export

With far less punitive bankruptcy in Britain, increasing numbers of Irish people are travelling there to declare bankruptcy, at least until new insolvency laws reform the situation here.

12th July, 2012
Westlife's Shane Filan has joined other high profile Irish figures who have trekked across the Irish Sea to become bankrupt.

While Ireland’s property crash cost millionaire pop star Shane Filan his fortune, he chose last month to go bankrupt in London rather than Dublin.

Filan, 33, the lead singer in the band Westlife, joins high-profile Irish figures, including the country’s former richest man, Sean Quinn, and property developer Thomas McFeely, an ex-IRA hunger striker, in opting for bankruptcy protection in Britain.

The attraction for insolvent Irish people dealing with fallout from the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago