The British TV actor Neil Morrissey has spoken out to the press this week about the financial pressure he found himself under when his business collapsed. At one point, the former Men Behaving Badly star was believed to have debt problems totalling £2.5 million.
Speaking to the Daily Mirror, Morrissey explained how the hotel and pub business he had built up over the last decade had failed and how he was left with a hefty pile of debts to pay. He said:
“At one point it was so bad, I could have lost the shoes I was standing up in, but rather than go bankrupt, I decided to step up and try to pay it back.
“I did have days with a sick feeling in the pit of my stomach and I thought. ‘when will this end?’
“But everyone has 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.”
Morrissey was advised by debt help experts to consider an IVA (individual voluntary arrangement). He is currently halfway through his IVA plan, which will see him pay back more than £1 million of his debt management problems.
As well as acknowledging the support of his long-term girlfriend Emma Killick in helping him through his cash crisis, Morrissey has also taken on more work recently. He has returned to TV in the BBC’s Waterloo road, and has even undertaken a regional theatre tour, all to help him reach his goal of being totally debt-free in 18 months.
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