American singer Nick Jonas’ father Paul Jonas’ company has filed for bankruptcy as a real estate company belonging to him has over $1 million in debt, including a $268k judgement from a case his company lost, an international website reports.

Nick is Priyanka Chopra’s fiancé and their roka ceremony was held in Mumbai on August 18.

The report, on Saturday, also stated that in order to come up with the cash, Paul plans to sell off a part of the New Jersey construction and the real estate company's property.

In the past, the Jonas Brothers of which Nick is a part, had sold millions of records worldwide before the band broke up in 2013, and the trio has continued building their portfolios on their own.

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Nick is reportedly worth $25 million. He's made most of his money as a solo artist, but he's also got a budding acting career and recently starred in the Jumanji remake.

As per the report, Nick’s brother Joe is affluent enough as he registered his sprawling farmhouse in Sherman Oaks for $4.25 million.

Nick’s parents accompanied him to India last month for his roka. Priyanka and Nick are holidaying in Mexico currently and we are currently awaiting a response from them on this matter at the moment.