Monday, June 24, 2013

Kelly Rutherford Bankrupt After Costly Child Custody Battle

Kelly Rutherford's ongoing custody battle is taking a toll on her finances, causing her to file for bankruptcy.

According to reports, Rutherford, 44, revealed last month to have only $23,937 in assets with debts of $2,021,832.

Just in case you have missed it, Rutherford has been fighting ex Daniel Giersch over care of their two kids, with her former husband refusing to let them live with her in the United States - in spite of this being their country of birth.

In September, a judge ruled that Rutherford's three-year-old daughter and five-year-old son would reside in France with their dad, who cannot enter the U.S. due to a revoked visa.

Rutherford has repeatedly vowed to fight the ruling, but the legal expenses have reportedly exceeded $1.5 million.

Despite formally asking Giersch to pay her legal fees through family court, other debts have also forced her to look for Chapter 7 bankruptcy.

Rutherford lists her monthly income as $1,279.33, down from a reported $486,000 during "Gossip Girl," which ended last year.

Rutherford also claimed she owes $350,000 in taxes and $25,251 in American Express charges.

According to celebrity website TMZ, the petition also explains Rutherford has borrowed tens of thousands of dollars from relatives to try to keep her afloat.

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