Simon Webbe Becomes Blue's Second Bankrupt Member

ANOTHER Blue Star Goes Bankrupt
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Simon Webbe has become the latest Blue star to be declared bankrupt despite the band releasing a new album earlier this year.

In court papers filed on 25 September, the 35-year-old announced he had gone bust shortly after bandmate Duncan James filed for bankruptcy in September under his real name Duncan Inglis.

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Simon Webbe

A third member of the boyand, Antony Costa also previously spoke about his financial problems after the band originally broke up in 2005.

He revealed how he nearly went bankrupt and is now living on an agreed £45 per week arrangement.

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Blue were the UK's Eurovision entry in 2011

After forming in 2000 Blue sold more than 13 million records and earned a reported £80million. However, in May their firm Blueworld Ltd, which runs their fanclub and website, collapsed owing creditors and only one member - Lee Ryan - has not confessed to financial difficulties so far.

A spokesperson for the band said at the time: "Blue have been open about their recent financial struggles and are restructuring their business model."

Blue recently embarked on a UK tour, following their comeback on ITV2's 'The Big Reunion' and the release of their fourth studio album, 'Roulette'.

Bankrupt stars
Kerry Katona(01 of11)
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Despite her fortune for her Atomic Kitten days and various relaity TV appearances, Kerry was officially made broke in 2008 when she failed to cough up the final £82,000 of a £417,000 tax bill. A turn as a housemate on 'Celebrity Big Brother' helped her to finally pay off her debts. (credit:Getty Images)
Shane Filan(02 of11)
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The Westlife star and property investor was made bankrupt in June 2012 when the housing market crashed, and left him owing more than €5.5m (£4.45m) to Ulster Bank and Bank of Ireland. (credit:Getty Images)
Martine McCutcheon(03 of11)
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Martine filed for bankruptcy in in 2013, when she amassed debts of £187,000. (credit:Getty Images)
Stephen Baldwin(04 of11)
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When Stephen defaulted on a mortgage payment in 2009, he filed for bankcruptcy claiming he was $2.3m in debt. (credit:Getty Images)
Joe Swash(05 of11)
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The former 'EastEnders' star was made bankrupt by London's High Court in 2009 after he failed to pay a £20,000 tax bill. (credit:Getty Images)
Peter Stringfellow(06 of11)
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Peter lost a reported $20m in 1992 after a failed attempt to crack America. (credit:Getty Images)
Christopher Biggins(07 of11)
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Biggins reckons that going into voluntary bankruptcy 15 years ago was the 'best thing that ever happened' to him. The star was forced into it after work offers slowed down. (credit:Getty Images)
Mike Tyson(08 of11)
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The boxer owed both the US and British governments $17m in taxes, $750,000 to law firms and $300,000 to limo services and became bankrupt in 2004. (credit:Getty Images)
Donald Trump(09 of11)
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He may be a multi-billionaire, but Donald Trump has filed for corporate bankruptcy four times! However, he has never filed for personal bankruptcy. (credit:Getty Images)
Neil Morrissey (10 of11)
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Neil entered into an individual voluntary arrangement (IVA) after a property scheme in which he invested collapsed, leaving him millions of pounds in debt. (credit:Getty Images)
MC Hammer(11 of11)
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One hit wonder MC Hammer's living beyond his means meant he was $13m in debt and filed for bankruptcy in 1996. (credit:Getty Images)