Court documents have revealed that former celebrity couple Tori Spelling and Dean McDermott are still embroiled in a significant financial dispute with City National Bank. According to the court filings, the estranged spouses owe over $200,000 in outstanding debt from a previous bank loan.
The legal saga began in 2012 when Spelling, 51, and McDermott, 57, secured a $400,000 loan from City National Bank and vowed to repay the amount with interest. However, as of 2016, the couple still owed a balance of $188,803.38. The bank has continued its efforts to collect the debt, filing court paperwork in 2019 and now issuing a second writ of execution against the former couple.
Joshua Friedman, an attorney representing City National Bank, has confirmed that the bank is still actively pursuing the judgment collection, which now stands at $219,796.66 for Spelling and $202,066.10 for McDermott. Friedman emphasized that “when a judgment has been paid or settled in full, a satisfaction of judgment is...
The legal saga began in 2012 when Spelling, 51, and McDermott, 57, secured a $400,000 loan from City National Bank and vowed to repay the amount with interest. However, as of 2016, the couple still owed a balance of $188,803.38. The bank has continued its efforts to collect the debt, filing court paperwork in 2019 and now issuing a second writ of execution against the former couple.
Joshua Friedman, an attorney representing City National Bank, has confirmed that the bank is still actively pursuing the judgment collection, which now stands at $219,796.66 for Spelling and $202,066.10 for McDermott. Friedman emphasized that “when a judgment has been paid or settled in full, a satisfaction of judgment is...
- 5/31/2024
- by Baila Eve Zisman
- Uinterview
Tori Spelling and her estranged ex, Dean McDermott, are in massive debt amid their divorce. The two separated nearly a year ago but Tori did not file until March 2024. Now, the two have a debt that is coming to the forefront but how will they settle it? Keep reading for more details.
Tori Spelling & Estranged Ex In Massive Debt Amid Divorce
Throughout their marriage, Tori Spelling and Dean McDermott did have money troubles. She was interested in opening and exploring a handful of different businesses. The only thing that was truly stable during their time together was reality television which lasted several years. Plus, Tori wrote six books so those were her niches. Aside from that, she did dip and dive into other ventures but all that did was add to their mounting money problems. By the time their marriage came crumbling down, Tori had fallen ill along with a few of their children.
Tori Spelling & Estranged Ex In Massive Debt Amid Divorce
Throughout their marriage, Tori Spelling and Dean McDermott did have money troubles. She was interested in opening and exploring a handful of different businesses. The only thing that was truly stable during their time together was reality television which lasted several years. Plus, Tori wrote six books so those were her niches. Aside from that, she did dip and dive into other ventures but all that did was add to their mounting money problems. By the time their marriage came crumbling down, Tori had fallen ill along with a few of their children.
- 5/31/2024
- by Amanda Lauren
- TV Shows Ace
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