Alyssa Milano files lawsuit against former business manager, claims he left her 'millions of dollars of debts'

Alyssa Milano and husband David Bugliari are suing their former business manager and asking for at least $10 million in damages, claiming he and his firm led them to financial ruin.

In court papers obtained by ET, the 44-year-old actress accuses accountant Kenneth Hellie and his firm Hellie, Hoffer & Company of leaving the couple "with millions of dollars of debts" and "their credit in ruins." According to the lawsuit, the firm failed to competently perform "the most basic and crucial function of business managers," then engaged in an alleged cover-up of the "escalating financial chaos" they created by allegedly withholding and actively concealing information from them.

The suit filed on June 12 also alleges Hellie forged Milano's signature on checks, failed to pay overdue bills and taxes, and coerced her into making bad investments in which he allegedly had a stake.

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Milano worked with the firm for a decade and terminated their relationship last June. She says she was left in the dark about the true state of their financial plight, and even turned down lucrative financial opportunities she claims she wouldn't have if she's been aware of her money issues -- for example, a third season of the show Mistresses in 2014.

PHOTOS: Alyssa Milano out and about

Alyssa Milano out and about
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Alyssa Milano out and about
BEVERLY HILLS, CA - FEBRUARY 25: Actress Alyssa Milano attends The Weinstein Company's Pre-Oscar Dinner in partnership with Bvlgari and Grey Goose at Montage Beverly Hills on February 25, 2017 in Beverly Hills, California. (Photo by Dimitrios Kambouris/Getty Images for The Weinstein Company)
HOUSTON, TX - FEBRUARY 04: Actors Adrian G Alyssa Milano at the Rolling Stone Live: Houston presented by Budweiser and Mercedes-Benz on February 4, 2017 in Houston, Texas. Produced in partnership with Talent Resources Sports. (Photo by Jerritt Clark/Getty Images for Rolling Stone)
HOUSTON, TX - FEBRUARY 04: Actress/Founder of Touch by Alyssa Milano, Alyssa Milano (R) attends the Taste Of The NFL 'Party With A Purpose' at Houston University on February 4, 2017 in Houston. at University of Houston on February 4, 2017 in Houston, Texas. (Photo by Nicholas Hunt/Getty Images for Taste Of The NFL)
HOUSTON, TX - FEBRUARY 04: Former Olympic gymnast Mary Lou Retton (L) and actress Alyssa Milano arrive for the Fanatics Super Bowl Party at Ballroom at Bayou Place on February 4, 2017 in Houston, Texas. (Photo by Robin Marchant/Getty Images for Fanatics)
LOS ANGELES, CA - JANUARY 27: Actress Alyssa Milano arrives at the NHL 100 presented by GEICO Red Carpet as part of the 2017 NHL All-Star Weekend at the Microsoft Theater on January 27, 2017 in Los Angeles, California. (Photo by Leon Bennett/Getty Images)
HOUSTON, TX - FEBRUARY 03: Alyssa Milano and Jiffpom visit the SiriusXM set at Super Bowl LI Radio Row at the George R. Brown Convention Center on February 3, 2017 in Houston, Texas. (Photo by Cindy Ord/Getty Images for SiriusXM )
LOS ANGELES, CA - JANUARY 27: Kathryn Tappen, host, NBC Sports, and Alyssa Milano, entrepreneur, actress, philanthropist & founder, Touch by Alyssa Milano, speak onstage at the Women In Sports Business Panel as part of the 2017 NHL All-Star weekend at Regal Cinemas at L.A. Live on January 27, 2017 in Los Angeles, California. (Photo by Jeff Vinnick/NHLI via Getty Images)
LOS ANGELES, CA - JANUARY 08: Actress Alyssa Milano attends the 2017 Weinstein Company and Netflix Golden Globes after party on January 8, 2017 in Los Angeles, California. (Photo by Jason LaVeris/FilmMagic)
BEVERLY HILLS, CA - OCTOBER 06: David Bugliari and Alyssa Milano attend a benefit hosted by Brian Grazer for the Ghetto Film School on October 6, 2016 in Beverly Hills, California. (Photo by Tara Ziemba/Getty Images)
SANTA MONICA, CA - SEPTEMBER 22: Alyssa Milano attends Kiehl's LifeRide for Ovarian Cancer Research Event at Kiehl's Since 1851 on September 22, 2016 in Santa Monica, California. (Photo by JB Lacroix/WireImage)
LOS ANGELES, CA - AUGUST 24: Alyssa Milano attends the Inaugural Fashion Show Benefiting Make-A-Wish with BCBGMAXAZRIA and Celebrity Host Brad Goreski at The Taglyan Complex on August 24, 2016 in Los Angeles, California. (Photo by Araya Diaz/WireImage)
NEW YORK, NY - SEPTEMBER 14: Actress Alyssa Milano is seen arriving at Marchesa fashion show during New York Fashion Week: The Shows at The Dock, Skylight at Moynihan Station on September 14, 2016 in New York City. (Photo by Gilbert Carrasquillo/GC Images)
HOLLYWOOD, CA - AUGUST 24: Actress Alyssa Milano attends the Make-A-Wish Greater Los Angeles Fashion Fundraiser at Taglyan Cultural Complex on August 24, 2016 in Hollywood, California. (Photo by David Livingston/WireImage)
NEW YORK, NY - JUNE 13: (L-R) Alyssa Milano and Judith Light attend the 2016 TrevorLive New York event at Marriott Marquis Times Square on June 13, 2016 in New York City. (Photo by Debra L Rothenberg/WireImage)
UNIVERSAL CITY, CA - MAY 04: Alyssa Milano visits 'Extra' at Universal Studios Hollywood on May 4, 2016 in Universal City, California. (Photo by Noel Vasquez/Getty Images)
DALLAS, TX - APRIL 15: UNICEF Ambassador and recipient of the 'Spirit of Compassion' award Alyssa Milano at the Children First. An Evening With UNICEF on April 15, 2016 in Dallas, Texas. (Photo by Cooper Neill/Getty Images for U.S. Fund for UNICEF)
NEW YORK, NEW YORK - APRIL 08: Actress Alyssa Milano visits 'Sway in the Morning' with Sway Calloway on Eminem's Shade 45 at the SiriusXM Studios on April 8, 2016 in New York City. (Photo by Cindy Ord/Getty Images)
NEW YORK, NEW YORK - APRIL 08: Actress Alyssa Milano attends the Variety's Power Of Women: New York 2016 at Cipriani Midtown on April 8, 2016 in New York City. (Photo by Paul Zimmerman/WireImage)
NEW YORK, NEW YORK - APRIL 07: Alyssa Milano attends at AOL Studios In New York on April 7, 2016 in New York City. (Photo by Adela Loconte/WireImage)
NEW YORK, NEW YORK - APRIL 07: Actress Alyssa Milano is seen outside 'Huff Post Live' on April 7, 2016 in New York City. (Photo by Raymond Hall/GC Images)
SAN FRANCISCO, CA - FEBRUARY 06: Actress Alyssa Milano arrives at Maxim Magazine And Bootsy Bellows Super Bowl Party 2016 at Treasure Island on February 6, 2016 in San Francisco, California (Photo by Trisha Leeper/FilmMagic)
THE VIEW - Alyssa Milano is a guest on 'The View,' airing Thursday, April 7, 2016. 'The View' airs Monday-Friday (11:00 am-12:00 pm, ET) on the ABC Television Network. (Photo by Lorenzo Bevilaqua/ABC via Getty Images) JOY BEHAR, CANDACE CAMERON BURE, WHOOPI GOLDBERG, ALYSSA MILANO, RAVEN-SYMONE´, JEDEDIAH BILA

"Had Defendants properly advised Plaintiffs of their precarious financial state, Milano would never have turned down a job which would have generated $1.3 million for Season 3, and the potential for an even more lucrative renegotiated deal for Season 4," the court documents read.

"A review of Plaintiffs' financial records by their new business manager disclosed extensive malfeasance which left Plaintiffs' finances in shambles," the documents continue. "HHC's files included financial documents with forged signatures, loans from Plaintiffs' accounts to other HHC clients at times when Plaintiffs had insufficient funds to meet their own financial need .... undisclosed and unapproved capital contributions to a failing investment in which Hellie personally invested and late home mortgage payments for eight of the prior thirteen months. The full extent of Defendants' breaches and the havoc created on Plaintiffs' finances are still being investigated."

Hellie responded to the lawsuit on Monday, telling Variety, "I'd like to say something. Obviously a lot of it's like the Johnny Depp situation. I can't say anything just yet."

Depp accused the Management Group (TMG) of defrauding him out of tens of millions of dollars in a lawsuit in January, claiming the group mismanaged his finances and took out loans without his approval. Depp's ex-managers then filed a countersuit and claimed that the actor was kept fully informed that he was allegedly spending more than he was taking in.

Milano and Bugliari's attorney, Ellyn Garofalo, responded with a statement to ET on Monday.

"We anticipated this defense. Nothing could be further from reality. Alyssa and David live a relatively modest lifestyle centered on their family. It is unfortunate that Mr. Hellie finds it appropriate to blame the clients who trusted him rather than take responsibility for his own negligence and misconduct."

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Milano and Bugliara share two children -- Milo, 5, and Elizabella, 2. ET spoke with the former Charmed star in October, when she dished about her kids' different personalities and whether or not they'll follow in her showbiz footsteps.

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