"I am in debt and basically broke," Stern told Us magazine. "There's this impression out there that I am somehow making money off of Anna's death. It couldn't be further from the truth."
Stern is suing author and former TV journalist Rita Cosby for $60 million for asserting in her Smith expose that Stern had a homosexual encounter with another of Smith's former boyfriends, Larry Birkhead.
Stern told Us "juggling" more than a dozen other lawsuits, has left him financially strapped and "hundreds of thousands of dollars" in debt to his parents.