I can believe some of this but not the broke part.
When he skip out on his tour, he stiffed their insurance agency which was likely not willing to cover all of the accrued debts from promotions to venue rentals, merch, etc. So I'm sure there was pressure, and a contract, for another album & tour. I doubt he'd be broke, he lives in a modest $4 million West Hollywood (hahahaha, of course) home and a has his little NYC love nest.
Beyond shopping for expensive hobo chic fits, I doubt he's spending that much.
Anyway, Kim K clocked artists like Shawn long ago