It is being said that Katie Holmes is dead broke amid the coronavirus pandemic. Rumors have it that the actress is desperate for cash and has even approached her former husband Tom Cruise for financial help.

Some sources have pointed out that the 41-year-old actress has made a “humiliating decision” to seek financial assistance from her former spouse. An insider even observed that Holmes is “near financial ruin.”

The same source added that Holmes split from Cruise with her head held high and did not demand a huge financial settlement. However, the insider claims it could have been a big mistake given her current condition.

Insiders are even insisting that with the outbreak of the COVID-19 pandemic, the Dawson’s Creek actress could be regretting her divorce from Cruise. The insider continued that Holmes has to bear hefty expenses and she is not getting a steady paycheck from TV shows or movies these days.

The tipster feels so it is not as if her acting career is simply at stake amid the current global health crisis. It was reported that Holmes receives an annual amount of $400,000 as child support expenses for their child Suri after she got divorced from Tom Cruise, New Idea reports.

Apart from television, Katie Holmes also gets big bucks from hawking products, as well as her regular appearances at various events. However, such earnings have also stopped amid the ongoing lockdown.

The gossip mills have it that after her breakdown from Jamie Foxx, Holmes is left with no other choices apart from begging for financial assistance from her former spouse, which is “humiliating” for her, the source stated.

.Meanwhile, Cruise had allegedly confessed that he played a major role in the breakup of his marriage and could have handled things in a better manner.  Another unnamed source mentioned that the Mission Impossible actor feels that he is still making mistakes in his life.

Los Angeles Times had reported that Holmes sold her home in California, which prompted a tabloid to insist that the actress took such a step because she required cash. However, Holmes used that house rarely as she lives in New York with her daughter most of the time. After all, Suri’s school and her work are mostly based in NYC.

According to Gossip Cop, Katie Holmes is not dead broke. Also, she is not planning to stay with her parents and is not facing a cash crunch. While some tabloids are hinting at such possibilities, there has been no solid proof to substantiate the story that she has approached Tom Cruise for financial help.