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Saturday, 22 August 2009

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Neil Morrissey: I’m £2.5m in debt

Men Behaving Badly star victim of the credit crunch

Neil Morrissey has vowed to pay the money back

Neil Morrissey has revealed that he's lost £2.5million following the recent collapse of his luxury chain of hotels.

The Men Behaving Badly star set up the business empire in 2004, investing most of his hard-earned cash.

‘It was a mess,’ admits Neil. 'There I was, doing very well, bandied around as the successful actor. Then I found myself completely in schtuck.

‘All of a sudden everyone wants their money back. And the credit crunch certainly didn't help at all. A lot of banks wanted to recall, and certainly review the nature of the loans. There's still an awful lot of people out there suffering because of the banks' attitude.’

But Neil, 47, is determined to get back on his feet and has already started a beer business with his best friend Richard Fox.

‘Bankruptcy’s the easy way out,’ he tells the News Of The World. ‘I decided no, I’d step up to the plate. I’d try to do the right thing and get everyone their money back.’

Alison Adey