By John Clark
Actress Kelly Rutherford, who is embroiled in a very public custody battle with her former husband, Daniel Giersch, is filing for personal bankruptcy, according to a report from CBS News.
Sources say the costs of the prolonged divorce battle, as well as the subsequent fight over child custody, has simply drained the finances of the former star of “Gossip Girl.”
Former Gossip Girl Files for Personal Bankruptcy Help
According to sources, Rutherford has paid roughly $1.5 million in legal fees during her effort to split from Giersch and retain custody of the couple’s two children, Hermes, 6, and Helena, 4.
Thanks to more than $2 million in debt, which would never be repaid with Rutherford’s current monthly income, which is reportedly just $1,279, the actress decided to file for Chapter 7 bankruptcy in California last month, according to reports.
In her bankruptcy petition, Rutherford claims that her assets are only worth a little more than $23,000, which pales in comparison to the more than $2 million in unpaid debts she reportedly owes, sources say.
And the actress has taken a significant pay cut since the end of “Gossip Girls,” the popular television drama for which she reportedly earned $486,000 during her final season of work.