It looks as though Bethenny Frankel might be in a pretty bad financial situation, both in her personal and professional lives. Rumor has it that the former Real Housewives of New York star is going broke and "losing money by the minute."

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According to OK! Magazine on Friday, Frankel's Skinnygirl line is collapsing because she made a few poor business decisions, which is now resulting in the loss of millions of dollars.

A source tells the site that Frankel tried her hand at too many product lines without testing them in markets first. The insider says, "She tried to get her hands into too many things at once. The face and body products were rushed, and the shapewear is uncomfortable and doesn't fit the everyday woman. Bethenny's even tried peddling Skinnygirl Hummus but the mix just doesn't make sense, and the brand has completely fallen apart."

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Despite the claims, Frankel has just launched her new Skinnygirl hummus, dips and salsa line with Teva Foods.

According to Food and Beverage News on Wednesday, party-ready dips will be available at stores such as Target, Kroger, Fairway Market, Bristol Farms, Wal Mart, Gelson's and Hy-Vee.

Frankel herself told the website, "Everyone loves indulgent snacking while enjoying a cocktail, and with these dips there's no need to feel guilty. Each flavor is more delicious than the next. It's hard to believe they're low calorie! I love using them in recipes too!"

Tags: Bethenny Frankel