Los Angeles, Mar 11 (IANS): Actress Tori Spelling has set the record straight on rumours claiming that she is bankrupt.

The rumours started to swirl after credit card company American Express sued the "Beverly Hills, 90210" star for failing to pay a balance in January. According to the lawsuit, Tori was also unable to complete a payment of $1,070 last summer.

The 42-year-old actress cleared things up by stating that her financial condition was fine, reports people.com.

"I just want that story to go away," Spelling said about the rumours.

"We're doing a great new series, I'm really happy, we're doing a new show on Cooking Channel -- we're not bankrupt, we're not struggling, we're fine," she added.

She said she wanted to make sure her children know the value of money, so she started to discuss it although they are still young.

"My husband and I work really hard. I mean, I'm constantly out there working. It's so important for my children to see that both their parents are working, and we talk to them about it," she said.

The actress, her husband Dean McDermott and their children now live in a 3,900 sq ft home in California which they rent for $7,500 a month.

"We're trying to figure out the area... The kids are in different schools right now: preschool, elementary school, they are moving. So, we're trying to find the perfect area," she added.