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!