Ginuwine in Bankruptcy?

Things aren’t looking good for Ginuwine.

The R&B singer’s lawyer, Bruce Beckner, has told the NY Daily News that Ginuwine is “very close to declaring bankruptcy.”

Ginuwine, whose real name is Elgin Lumpkin, reportedly owes $300,000 in taxes and is involved in legal woes against Robert Reives, who produced the singer’s debut album.

Ginuwine recently divorced his wife Solé after more than a decade of marriage, which is lawyer says has contributed to his financial problems.