Former Munster and Ireland rugby star Frankie Sheahan has been declared bankrupt in the High Court, owing over 3.5m.
The 40-year-old former hooker, who was forced to retire from the game at the age of 32 because of injury, had declared an interest in eight buy-to-let properties in Cork that he had bought between 2005 and 2008.
He was forced into bankruptcy after Bank of Ireland turned down a personal insolvency arrangement he had offered to creditors. He owes 3.2m to Bank of Ireland.
His bankruptcy application was accepted by the High Court last week.
Sheahan said it was with great disappointment and sadness that he had declared bankruptcy and said that he had sold his family home to pay his debt and offered to sell off his investment pr…
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