Lily Allen's Lucy in Disguise Clothing Line is Reportedly Bankrupt

Singer's fashion venture proves unsuccessful after less that two years

Looks like Lily Allen's ambitious stab at making it big in the fashion world isn't quite going as planned.

The singer, who opened Lucy in Disguise, a vintage store in London as well as a clothing line with her sister, Sarah Owen, back in 2010 is reportedly in debt and bidding adieu to her ready-to-wear endeavor right away.

That's right, according to reports in Fashionista, the musician already owes a considerable sum of money to the clothing line's backer, Aurora Fashions, despite "numerous phone calls" and "several letters."

Eek, Lily! 

That being said, Aurora has opted to liquidate the line, which was first sold at retailers like Harvey Nichols and Shopbop, with great expectations of success.

Say it isn't so!

And while it's always sad to see a failed venture by one of our favorite celebs, we have to say Lily does seem to have her hands quite full right now.

The talented mother of three recently returned to music and that's clearly her sweet spot.

After all, the 28-year-old's latest music video is attracting tons of attention these days, so this little fashion flop will likely be a thing of the past in no time!