Reality Doesn't Pay! Tom Schwartz's Parents Forced To File For Bankruptcy After Split The 'Vanderpump Rules' star left his broke family in Florida for the LA limelight.

Tom Schwartz could be so stingy on Vanderpump Rules because of his parents’ financial troubles, RadarOnline.com can exclusively reveal.

William and Kimberly Schwartz filed for bankruptcy in April 2012 after legally separating and retiring, according to United States Bankruptcy Court documents obtained by Radar. They were involved in a collections lawsuit at the time, and owed up to 49 creditors $354,304.

The couple had $194,860 in assets, and their joint income only totaled $6,020.22 per month. But, their expenses averaged $7,147.27 per month and they couldn’t afford to keep up with their lifestyle anymore.

READ THE SHOCKING DOCUMENTS

William and Kimberly had a measly $500 in a joint checking account — and Kimberly listed her wedding band as only being worth $530. But, she claimed her two horses were worth much more — and valued them at $600.

The couple owed countless creditors, including a bank for an unspecified amount over one of their foreclosed homes. They also owed $4,985 for a parental guarantee student loan — and as Vanderpump Rules fans know, Tom is in extreme debt over his education.

Tom’s mom owed $2,907.83 to Bank of America, as well as hundreds to different medical facilities. Her business credit card also racked up $2,773 in charges she couldn’t pay off.

She was also claimed to owe $1,149.68 and $773 to Home Depot (from separate accounts), $1,468.54 to Lowe’s and $2,913 to Sears.

William and Kimberly also reported that they bought cars and other property for their two sons Billy and Robert, but didn’t claim to buy anything for Tom.

As Vanderpump Rules fans know, Tom struggled to save money while planning his July wedding to Katie Maloney, and even flipped out over how much the wedding invitations cost ($18 per invite). He eventually forced Katie, 30, to sign a prenup.

The SURver was richer at the time they met with their financial advisor, and Tom, 34, claimed that the couple did not own any real estate. Katie only had $200 in her checking account and $4,700 in her savings account at the time.

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