The Blue hunk filed for bankruptcy under his real name, Duncan Inglis, just weeks before he is due to embark on tour with the All Rise boy band for their comeback tour.
The order was made on 12 September at the High Court in London.
This financial blow comes after the group's company Blueworld Ltd went into administration in May.
A source told The Sun newspaper: "There was no warning that the band had money problems. This has come as a complete shock. Letters have been sent out by the administrators to creditors who are owed substantial sums by the band."
Ducan's bandmate Antony Costa also recently admitted he had been struggling to cope financially since the group disbanded in 2005 and is now living on a £45 per week sum.
He said at the time: "I thought Blue and the money were going to last forever and I totally lost control."
Meanwhile, Duncan, 35, will be hoping to cash in when Blue perform their first big tour since reforming in 2009, thanks largely to the popularity of ITV2 show The Big Reunion.
Duncan and Anthony will be joined by Simon Webbe and Lee Ryan on the road in October and November.
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