Katie Atkinson
June 23, 2013 AT 06:25 PM EDT

Gossip Girl star Kelly Rutherford has filed for bankruptcy after a costly custody battle with ex-husband Daniel Giersch, People reports.

TMZ obtained documents showing that the actress spent $1.5 million on legal fees during the divorce and custody battle and owes $350,000 in taxes for 2012. The former couple have 50/50 custody of their two children, Hermes, 6, and Helena, 4, but Giersch lives in Monaco due to U.S. travel restrictions, so the kids stay with him and Rutherford travels to visit them.

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