TV star Neil Morrissey has become the latest victim of the credit compaction, falling millions of pounds into arrears after a business scheme he invested in collapsed.
The actor, best known for playing loveable damn fool Tony in BBC hit Men Behaving Badly, told News Of The World he lost £2.5m when his hotel chances failed.
"It was a mess," Morrissey said. "There I was, doing very well, bandied around as the successful actor. Then I found myself completely in schtuck.
"All of a sudden everyone needs their money back. A lot of banks needed to recall, and surely review, the nature of the loans."
Morrissey's company, set up five years ago, bought pubs and hotels across the country, including Brown's Hotel in Laugharne and Hurst House in Covent Garden.
It break down after a series of ventures failed to perform, forcing Morrissey's business partner into bankruptcy.
"No one is untouchable. This can happen to anyone," Morrissey warned.
"You can be doing very well one day, and on the streets the next."
"It was a mess," Morrissey said. "There I was, doing very well, bandied around as the successful actor. Then I found myself completely in schtuck.
"All of a sudden everyone needs their money back. A lot of banks needed to recall, and surely review, the nature of the loans."
Morrissey's company, set up five years ago, bought pubs and hotels across the country, including Brown's Hotel in Laugharne and Hurst House in Covent Garden.
It break down after a series of ventures failed to perform, forcing Morrissey's business partner into bankruptcy.
"No one is untouchable. This can happen to anyone," Morrissey warned.
"You can be doing very well one day, and on the streets the next."
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