Hitting the high road for bankruptcy protection

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.

Hitting the high road for bankruptcy protection

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

The attraction for insolvent Irish people dealing with fallout from the worst economic bust in the nation’s modern history is simple. In Ireland, it takes 12 years for a debtor to emerge from bankruptcy, compared with a maximum of 12 months in Britain.

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