Tori Spelling and Dean McDermott seem to be in too much debt.
Spelling and McDermott said they owed the bank more than $200,000 for loans spanning 12 years. page 6.
City National Bank expects McDermott and Spelling to pay off $400,000 of the 2012 loan, and they have promised to pay back the interest, according to court documents filed May 20.
Spelling owes the bank $219,796.66, and McDermott is responsible for the remaining $202,066.10, according to documents obtained by the outlet.
“Once the judgment is paid in full or settled, a satisfactory judgment is required from the court, and in this case none was submitted,” said Joshua Friedman, an attorney for City National Bank. our week.
The bank took legal action against the former couple in December 2016, citing breach of contract, receiving bribes, false account statements, and unjust enrichment.
At that time, they owed a total of $188,803.38.
The bank issued a follow-up writ of execution in 2019, claiming interest had accrued on a six-figure debt that neither party had paid.