Tori Spelling Could Be in BIG Trouble Over Unpaid Bank Loan

Posted by Jeanne on November 21, 2017

Tori Spelling might have a highly recognizable name in Hollywood but it’s not going to save her from having to pay her debts. According to reports, Spelling and her husband, Dean McDermott, were sued in December 2016 by City National Bank after failing to pay back a loan.

Actors Tori Spelling (L) and Dean McDermott (R)

Photo by Paul Archuleta/FilmMagic

The loan was for $400,000 and dates back to 2010 so it sounds like City National Bank tried to give them time to pay it back. To be fair, they must have given them something because the court judgment wasn’t for the full amount.

Now that the terms of the judgment haven’t been met, Spelling is being ordered to appear in court to provide information on her assets and, if she doesn’t, she could face some serious consequences.

According to documents filed at the Superior Court of California, County of Los Angeles, the couple owe “an unpaid principle balance in the amount of $185,714.05, plus interest in the amount of $2,407.92 and late charges in the amount of $681.41, for a total of $188,803.38… You are ordered to appear personally before this court, or before a referee appointed by the court, to furnish information to aid in enforcement of a money judgment against you.”

If she doesn’t show up? She may be “subject to arrest.” Yikes!

This isn’t the first time Spelling and McDermott were facing serious money troubles. They owed nearly $1 million in taxes as of November 2016, Spelling has been sued multiple times by American Express, and McDermott owes back child support to his ex-wife, Mary Jo Eustace (with whom he shares 19-year-old son, Jack), who said: “He owes over $100,000 moving forward and I believe he has no intention of paying. He bounces my son’s university rent/tuition and is delinquent in paying therapist bills while he shops and throws lavish parties for his other 5 children.”

The court date for the City National Bank case is February 21, 2018.

See More about: ,
facebook comment widget