He has sold more than 45million records as part of the boyband Westlife.
But singer Shane Filan has been declared bankrupt after his property empire crumbled.
The decision came after the 32-year-old was revealed to have debts of £18million.
Speaking to the Mirror Shane said: 'I have worked long and hard to try to reduce my debts, and I am devastated that it came to this conclusion.'
Confirming the sad news, Irish heartthrob Shane explained he had spoken to several bankruptcy experts in an attempt to find a solution to his financial issues, but his efforts had failed.
Shane added that he would be concentrating on his commitments with Westlife, who are currently completing their final tour.
He said that after the tour has finished, he will be 'looking to rebuild a future for my wife, my three children and myself'.
Before the economic crisis hit, Shane and his brother Finbarr had borrowed millions from several banks in their native Ireland.
Shane added that he would be concentrating on his commitments with Westlife, who are currently completing their final tour.
He said that after the tour has finished, he will be 'looking to rebuild a future for my wife, my three children and myself'.
Before the economic crisis hit, Shane and his brother Finbarr had borrowed millions from several banks in their native Ireland.
Their company Shafin developments had taken out a series of large loans to construct a 90-home estate in Dromahair, Co.Leitrim.
However, out of the 90 houses planned, only half of them were actually constructed - with many selling for less than they had cost to build.
At the end of last year, Shane made the decision to relocate from Ireland to Surrey so that his finances could be dealt with in the UK.
