The 35-year-old singer declared himself bankrupt under his real name Inglis, reports metro.co.uk.
James isn't the first member of the pop band to admit money troubles. Antony Costa had earlier this year revealed that he was left struggling to pay bills after the band split in 2005.
James, Costa and fellow members Lee Ryan and Simon Webbe will kick off their Britain tour next month.
--IANS (Posted on 01-10-2013)