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Audible - Deals and offers. Listen to podcasts and books for less with these offers. Back to top Home News U. Can I get that? He had invested in property in his home town of Sligo when the recession hit leaving him without the money to build on his land.
Once earning millions with Westlife, the singer soon racked up so much debt he had to give away his wedding ring as part of the insolvency rules. Instead Shane - who admitted splashing out on sports cars and a helicopter in his heyday - said his family now stick to a tight budget. He credited his wife and childhood sweetheart Gillian and children, Nicole Rose, 8, Patrick Michael, 5, and Shane Peter, 3 — for getting him through the tough time.
But you take yourself out of the bubble, and you realise it's happening all over the world, especially in Ireland. Shane 34 tried to avoid bankruptcy, but he struggled to pay back interest on the loans that he'd taken out for the company.
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You shouldn't end a band like Westlife and not be financially secure to some extent, but I wasn't at all -- it was the complete opposite," he said. I don't have money but I have a great marriage, three healthy kids, and I have my voice. I'll just start again. In June , Shane -- having moved his family to the UK where they had already owned a home in Surrey -- was declared bankrupt.
A bankruptcy in the UK lasts for 12 months compared to 12 years in Ireland. That was the worst day of my life, without a doubt. It was re-teaming with manager Louis Walsh and signing a new record deal that started the Sligo man back on the right track. He also turned his hand to song-writing. It is a "massive week" for Shane. He's nervous about the release of debut album, You and Me, this Friday, but he's also confident that he's got a strong collection of pop songs under his belt that will see him through to the next chapter of his showbiz career.
But after selling 44 million albums and topping the UK singles charts 14 times with Westlife, Shane said there was no feeling of being let down after his first solo single Everything to Me stalled at number 14 in the UK in August.
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