The hitmaker, who enjoyed huge success in the early 2000s, filed for bankruptcy for a second time recently after blowing his $70 million (£44 million) fortune, and court documents show he claims to have just $3,600 (£2,250) worth of assets left.

Storch has now responded to the reports, telling TMZ.com that he is confident he will be making good money again soon when a new album he is working on with Brown is released later this year (15).

He also produced Brown's collaborative album with Tyga, Fan of a Fan: The Album, which hit shelves in February (15).