The singer's attorney made the revelation during a court hearing as part of a legal battle with music producer Robert Reives, the brains behind Ginuwine's 1996 debut album, 'Ginuwine... The Bachelor', reported New York Daily News.
During the pre-trial hearing, the lawyer representing Ginuwine, 44, real name Elgin Lumpkin, disclosed the star's financial troubles, blaming the problems on his recent divorce from his rapper wife Sole.
Attorney Bruce Beckner told Manhattan Federal Court, "Mr. Lumpkin is very close to declaring bankruptcy. He owes my firm a ton of money and a bunch of other people a ton of money."