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Shane Filan Bankruptcy

The former boyband lead singer Shane Filan was officially declared bankrupt back in 2012, after losing a wallet busting $18 million due to bad property investments.

Filan had to sell the house he designed in 2004, then worth a hefty $3.5 million and then later stated that he couldn’t even afford a $30 toy for his own son.

Just days after his band played to an 80,000 crowd for their fare-well tour, he found out that he only had around $470 dollars in his bank account. Shane reports that going from $18 million to $470 dollars was not something he was particularly proud of.