Ginuwine On Verge Of Bankruptcy!?!

You might say that R&B singer/heartthrob Ginuwine On Verge Of Bankruptcy after a recent divorce from Solé and owing his lawyer a ton of money!

CelebNMusic247.com has the hot tea on Gin who may have more problems on his hands than his troubled relationship with his daughter.

Here is what we have learned via The NewYorkDaily News [UMB] writes:

The news of the downfall came during a pretrial hearing pitting Ginuwine, born Elgin Baylor Lumpkin — against Robert Reives, executive producer of his hit debut album, “The Bachelor.”

“Mr. Lumpkin is very close to declaring bankruptcy,” Ginuwine’s lawyer, Bruce Beckner, said. “He owes my firm a ton of money and a bunch of other people a ton of money. He owes Uncle Sam 300-odd thousand dollars in back income taxes.”

Beckner attributed the money trouble to a recent divorce from his wife, the rapper Solé.

Reives says he is owed royalties from a $1.25 million five-album deal Ginuwine signed with Sony, and seeks as much as $250,000.