British Actor Neil Morrissey Enters an IVA

Actor Neil Morrissey has entered an IVA after admitting to having debts totaling £2.5m.

Neil's portfolio of property and commercial enterprises failed to perform, leaving him insolvent and facing bankruptcy.

But Morrissey said "Bankruptcy's the easy way out. I decided no, I'd step up to the plate, try to do the right thing and get everyone their money back."

"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."

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