According to TMZ, the actress filed for bankruptcy last month after a costly child custody battle with ex-husband Daniel Giersch.
Documents obtained by the site show that Rutherford spent almost $1.5 million on legal fees during the divorce and custody battle.
She owes $350,000 in income taxes for 2012 and has an American Express bill of $25,251.
She has reportedly borrowed thousands of dollars from friends and relatives in order to cope with her financial problems.
Daniel Giersch, a German entrepreneur who resides in Monaco, had his visa revoked, which barred him from returning to the US, and he was awarded custody of the couple’s two children, Hermes, 6 and Helena, 4, last year.
That meant the actress was forced to travel back and forth to Europe to visit her children.