Real Housewife of Orange County Denies Money Trouble Reports

It's all over an issue of In Touch Weekly that came out earlier this month -- the cover of which shows a picture of Alexis, over the caption "Bankrupt!" ... but it gets worse.

Inside the magazine, the article reads, "Bankrupt! Evicted! Foreclosed! Housewives Are Going Broke" -- continuing, "After selling off her home at a fraction of its cost to avoid foreclosure, Alexis Bellino still refuses to admit she and her husband ... have money troubles."

But Alexis claims it's all BS -- and her lawyer fired off a nasty cease and desist letter on Thursday, demanding In Touch retract its "patent, malicious, and libelous comments."