However, according to official documents seen by The U.S. Sun, the October payment is now overdue.

The allegations are significant given the accusations against Taylor’s company of profiting duringBritney Spears' conservatorship.

A notable example is Hailey Bieber’s diamond wedding ring.

Justin Bieber looking to the side

But the loan was denied, and he purchased it anyway."

Simultaneously, Bieber’s income also took a hit with thecancellation of his last tour.

Without regular touring, one of Bieber’s primary revenue streams has been significantly reduced.

Justin Bieber singing on stage

That said, Bieber is by no means on the brink of bankruptcy.