Hanging out: The Grammy winning singer seemed a little out of shape compared to how she used to look
Goodnight and good luck: Whitney kissed goodbye to her supporters as she jumped into her car
However, Whitney's publicist has claimed that the star's home is not in any danger of mortgage foreclosure and she is up to date with all payments.
Houston, who has overcome crack cocaine addiction, has allegedly spent all of her fortune, including a reported $100million record deal.
She is being financially supported by her record label Arista, which has given her an advance payment on her next album, according to reports.
Easy rider: Miss Houston is reportedly on the brink of bankruptcy but her agent denies the claims
The end of a long night: Whitney looked worse for wear as she sat in the backseat of the car
‘Whitney's fortune is gone. Music industry heavy hitters are supporting her and her label is fronting her cash against her next album, but no one knows when that will be released’ a source told Radaronline.com.
‘She might be homeless if not for people saving her. She is broke as a joke.’
Whitney - whose ex-husband is Bobby Brown - is believed to be in such a dire financial position she has even had to resort to contacting friends for small loans.
In the beginning: Whitney took to the stage with Kelly Price for the Grammy party
The source added: ‘She called someone to ask for $100. It is so sad. She should have Mariah Carey money, and she's flat broke.’
A spokesperson for the singer strongly denied the claims when contacted by MailOnline and said: 'That is ridiculous and not true! She stars in SPARKLE out in August which she also Exec produced. She just wrapped the film.'
In August 2001, Whitney signed the biggest record deal in music history at the time with Arista/BMG, renewing her contract with the label for $100million to deliver six new albums.
She released her last LP I Look to You in August 2009.