The 31 year old followed in the footsteps of bandmates Simon Webbe, Antony Costa and Duncan James in January (15), when his creditors petitioned for bankruptcy after Ryan became unable to settle debts.

His spokesman tells Britain's The Sun on Sunday newspaper, "It was the best way forward to provide for his kids."

The boy band split in 2005 after five years together. They mounted a comeback in 2011.

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