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Shane Filan Bankrupt

24

Comments

  • #32
    Gummy Panda
    Closed Accounts Posts: 20,919 ✭✭✭✭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


  • #33
    ilovesleep
    Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


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


  • #34
    mike65
    Closed Accounts Posts: 88,968 ✭✭✭✭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


  • #35
    keano_afc
    Registered Users, Registered Users 2 Posts: 8,713 ✭✭✭keano_afc


    So hang on, he's English now?


  • #36
    JonathanAnon
    Closed Accounts Posts: 23,717 ✭✭✭✭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...


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  • #37
    mike65
    Closed Accounts Posts: 88,968 ✭✭✭✭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?


  • #38
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭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.


  • #39
    later12
    Closed Accounts Posts: 11,298 ✭✭✭✭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.


  • #40
    davet82
    Closed Accounts Posts: 3,753 ✭✭✭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:


  • #41
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭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.


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  • #42
    mike65
    Closed Accounts Posts: 88,968 ✭✭✭✭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/


  • #43
    later12
    Closed Accounts Posts: 11,298 ✭✭✭✭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.


  • #44
    ScumLord
    Registered Users, Registered Users 2 Posts: 28,787 ✭✭✭✭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.


  • #45
    MistyCheese
    Registered Users, Registered Users 2 Posts: 4,006 ✭✭✭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.


  • #46
    goat2
    Registered Users, Registered Users 2 Posts: 4,934 ✭✭✭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


  • #47
    dasdog
    Registered Users, Registered Users 2, Paid Member Posts: 4,138 ✭✭✭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"

    https://subscriptions.boards.ie



  • #48
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭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


  • #49
    snubbleste
    Banned (with Prison Access) Posts: 31,119 ✭✭✭✭snubbleste


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


  • #50
    hondasam
    Closed Accounts Posts: 34,418 ✭✭✭✭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.


  • #51
    Micky Dolenz
    Registered Users, Registered Users 2 Posts: 44,079 ✭✭✭✭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.


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  • #52
    StephenHendry
    Registered Users, Registered Users 2 Posts: 1,146 ✭✭✭StephenHendry


    it cant be easy for him. i'd say that he is filan very awful at the moment


  • #53
    davet82
    Closed Accounts Posts: 3,753 ✭✭✭davet82


    Micky Dolenz wrote: »
    I don't know what you're laughing about. We'll have to pay for it.

    I know, I said HA-HA! ;)


  • #54
    mattjack
    Registered Users, Registered Users 2 Posts: 5,389 ✭✭✭mattjack


    I heard he has webbed feet, feathers under his arms and drinks virgins slash by the bucket.


  • #55
    GetWithIt
    Registered Users, Registered Users 2 Posts: 2,081 ✭✭✭GetWithIt


    Just for the oul FYI, the majority of money owed by Shafin Developments is to Ulster Bank.

    It'll be her majesty who picks up the tab on this one.


  • #56
    wonderfullife
    Closed Accounts Posts: 6,924 ✭✭✭wonderfullife


    GetWithIt wrote: »
    Just for the oul FYI, the majority of money owed by Shafin Developments is to Ulster Bank.

    It'll be her majesty who picks up the tab on this one.

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

    "Bank of Ireland is reportedly Shafin’s biggest creditor but Ulster Bank is also owed a substantial amount"

    Nope, we're shafted.


  • #57
    Plazaman
    Registered Users, Registered Users 2 Posts: 3,037 ✭✭✭Plazaman


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

    In the UK, although the bankruptcy can be discharged in 12 months, earnings for the next 3 years can still be attached to pay off debts so he'll be looking at the paychecks and going "What the fúck is NAMAed?".
    jayteecork wrote: »
    His wife is a bit of a munter too.

    I don't know, as long as I have a face, she'll always have a seat.


  • #58
    rasper
    Registered Users, Registered Users 2 Posts: 796 ✭✭✭rasper


    It's the people who facilitated the loans to those clowns who I'd like to see before the courts not enjoying their retirements


  • #59
    Logical Fallacy
    Registered Users, Registered Users 2 Posts: 5,933 ✭✭✭Logical Fallacy


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

    The annoying thing is that he will still be making royalties right now off sales of old music, radio play, licensing , band merch etc etc etc.

    Bankruptcy Law is a ****ing joke in pretty much every country. Unless someone can prove they have no possible means of ever paying off even a small amount of the debt they should not be allowed to claim it.

    To be honest, I have no ****ing pity for idiots like him, driven by greed to just endlessly make more and more money.


  • #60
    Jester252
    Registered Users, Registered Users 2 Posts: 5,533 ✭✭✭Jester252


    Poor him can't pay his bills
    Lucky for him can be back making money in 6 months without the debit.
    If only everyone in Ireland could do this


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  • #61
    JP Liz V1
    Registered Users, Registered Users 2 Posts: 92,394 ✭✭✭✭JP Liz V1


    Bustlife


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