The Jonas brothers’ father’s company has filed for bankruptcy.
The singers’ dad, Paul Jonas, owns a real estate and construction company in New Jersey.
The company is reportedly in $1 million debt, according to TMZ.
Paul is apparently planning to sell part of his company in order to get out of his debt.
The news comes shortly after Nick flew to India with his parents for his engagement party with fiancé Priyanka Chopra.
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