Neil Morrissey, star of Men Behaving Badly and Waterloo Road, has promised to pay back all £2.5m of debts, to his creditors. He is currently half way through a 3 year Individual Voluntary Arrangement (IVA) repayment plan of over £1m.
Having lost his fortune after investing in the hotel and pub business over the course of a decade he says, "At one point it was so bad, I could have lost the shoes I was standing up in,” he told the Sunday Mirror.
“But everyone has had those feelings at one time or another. I just had to pick myself up and get on with it. I had to sit down with the creditors and have a realistic chat about what I could afford to repay.
“There was a certain amount of managerial neglect that left a huge amount of debt,” he added.
“Hopefully, I’ve proved that I can do it and in 18 months I’ll be debt free. It’s a question of keeping your eye on the end of the tunnel.”
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