Business Standard

Lee Ryan latest and final Blue member to declare bankruptcy

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ANI London

Former British boy band Blue's member Lee Ryan has declared himself bankrupt.

The 31-year-old singer-songwriter is the latest to announce his bankruptcy after other members of the band namely Duncan James, Anthony Costa and Simon Webbe declared themselves bankrupt earlier, the Mirror reported.

Ryan was forced into bankruptcy by a company called Capquest Investments Limited, who purchase debts from various credit card companies who have been unable to collect cash in the hope that a more "persuasive" approach might encourage payment.

Band's company Blueworld Ltd went bust in May 2013 with the members blaming poor decisions made by their former management.

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First Published: May 17 2015 | 12:18 PM IST

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