10:31 17 August 2009
'Men Behaving Badly' actor and voice of 'Bob the Builder', Neil Morrissey, is in millions of pounds of debt after a property scheme he invested in collapsed drastically, it was reported.
The star claims he lost £2.5 million after investing in a string of hotels and pubs.
Morrissey has told The News of the World he would not file for bankruptcy and intended to pay his creditors in full.
He said: "People advise you to take the easy route - it'll only last a year and you'll be back up and running.
"But I just thought there are too many good people who've lost their money on these deals, and I wanted to repay them as much as I possibly could.
"I feel morally obliged. Afterwards I'll feel better about myself. Now I'm working very, very hard.
"Every second out there to earn another penny. I don't sit around and get depressed about things. It's not my character."
Morrissey set up a property company five years ago which bought pubs and hotels around the country including Brown's Hotel in Laugharne, where Welsh poet Dylan Thomas was a famous regular.
Morrissey's business partner went bankrupt after its initial collapse.
Morrissey has made an independent voluntary arrangement whereby all his earnings, minus his living costs, will go to his creditors for more than three years.
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