Top 10 Shane Filan Quotes

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Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail.

I have worked long and hard to try to reduce my debts, and I am devastated that it came to this conclusion. I now intend to focus on the remaining dates of the Westlife tour and my commitments to the band before looking to rebuild a future for my wife, my three children and myself.

When your child is looking up at you, and you are putting them to bed at night, and they are just lying there, you have to remind yourself that's what it's all about.

The couple of years before I was declared bankrupt were the roughest. The bank letters, the pressure, the stress was awful. You're in this twilight zone of not knowing where your life is going, and yet you're in Westlife. Everything was great with the band. I was earning money, and it looked good.

I knew I was going to lose my house in Ireland and all the other properties. It's all gone. But my house was the one material thing that was very important to me.

My mum and dad ran a family cafe in Sligo for 35 years and worked long hours. We grew up in a very hard-working family and had a lovely atmosphere, as we lived above the restaurant. It definitely made me want to work hard, whatever I chose to do. As the baby of seven kids, I was definitely a bit spoilt.

Every year, we couldn't believe it, and even when I look back on it now, to sell 14 million singles, 50 million albums and sell out arenas and stadiums, what Westlife achieved was crazy. It's like One Direction probably don't realise how big they are. They'll look back one day and think, 'Holy God, that was pretty amazing.'

When I had money, I felt pressure, whether it was to invest it or do good with it, and I couldn't let it fizzle out. It was like I needed to prove to myself that I could look after it, only I did the opposite, but you have to take a chance in life.

I'm more of a debit card person, and I live in the 'now'. I don't like credit cards anymore. I try to live with whatever I can afford and don't try to put myself in an awkward position. I've done that before.

I put all my eggs in one basket and invested in property. I didn't do anything internationally - it was all in Ireland.

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