Shillin is the latest high-profile high-flying Wall Street executive to declare bankruptcy.
The New York Times reports that the former chief executive officer of Goldman Sachs has filed for Chapter 11 protection and is considering filing for Chapter 13.
Shillin said in a statement that he was considering filing bankruptcy in the U.S. and would also consider bankruptcy in Canada and Germany.
Shriners, who was named CEO of the firm in 2007, has said he is considering the bankruptcy option in Europe and elsewhere, according to the Times.
The company has been battered by financial scandals, including the trading of toxic mortgage-backed securities in the midst of the 2008 financial crisis.
Shrill has been involved in several other bankruptcy filings since the 2008 crisis.
He filed for bankruptcy protection in 2009, 2013 and 2015, and is still seeking relief from the bankruptcy court in a separate bankruptcy case.
The filing for bankruptcy was first reported by Bloomberg News.
Shillington was previously named the chief financial officer of JPMorgan Chase, where he also ran the global investment banking division.
Shillings resignation from the bank came as JPMorgan reported fourth-quarter earnings.
Shins bankruptcy filing was first announced on Monday, and was later reported by the Associated Press.
JPMorgan Chase declined to comment on the news.
Shiller and Shrinings resignation comes as JPMorgan Chase’s shares rose more than 2% on the Nasdaq to close at $46.99 per share.
The stock is up about 22% since the start of the year.