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Britney Spears ‘faces’ bankruptcy amid financial troubles

American pop star Britney Spears has been warned that her financial troubles will only increase if she does not do something about it soon.

The Toxic hitmaker has to pay heavy sums to her lawyers while also covering child support payments for her sons, Jayden and Sean, which goes to her ex-husband Kevin Federline.

As reported by OK! Magazine, the popstar will soon face bankruptcy if she keeps on spending money without any stable source of income.

“The bills are pouring in and Britney’s financial people are telling her if it carries on this way, she’ll be broke by the end of the year, if not sooner,” a source told the outlet.

The insider revealed that Spears does not have a clue about capital, which adds to her existing problems. “She doesn’t really understand how things work,” the source said.