NEWSTori Spelling and Dean McDermott Accused of Owing 6-Figure Debt Before Their Split as They Hash Out Divorce
Tori Spelling and Dean McDermott have been accused of owing a six-figure debt before their split.
Tori Spelling and her ex Dean McDermott are still dealing with a six-figure debt they were hit with years before their split, according to a new report.
The Couple Still Owes Money
City National Bank claims Tori Spelling and Dean McDermott owe $219,796.66 plus $175,596.45 in interest.
On May 16, City National Bank filed court documents that showed Spelling and McDermott have yet to pay off the money they owe. The balance is continuing to accumulate due to interest being added onto the initial amount.
On May 22, 2017, a Los Angeles Superior Court judge issued a default judgment against the couple for $202,066.10. Spelling was also hit with an additional $17,730.56. The new paperwork filed claims $219,796.66 is owed, with an additional $175,596.45 in interest.
The Initial Lawsuit
The initial lawsuit against Tori Spelling and Dean McDermott was filed by City National Bank in December 2016.
Prior to the initial judgment, City National Bank filed a lawsuit against the couple in December 2016, accusing them of a breach of contract. The bank shared the estranged pair took out a $400,000 loan in 2012.
A lawyer representing the bank shared the “defendants materially defaulted under the promissory note by failing to pay the principal and interest owing thereunder.”
“Defendants have failed to satisfy their obligations to [City National] under the terms of the promissory note,” they added.
At the time of the filing, City National Bank claimed the couple owed $188,803.38 on the loan and demanded it be repaid in full immediately. The reason Spelling was hit with an additional fee was due to her being accused of causing her checking account to overdraft by $17,000.
- Tori Spelling and Ryan Cramer Rekindle Romance More Than 1 Year After Fling Fizzled Out
- Tori Spelling Once Accused Estranged Husband Dean McDermott of Trying to Poison Her With a Drink Because of Actress' 'Irrational Fear'
- Tori Spelling Spent $450 on Denise Richards' OnlyFans Despite Financial Troubles: 'I Didn’t Know How It Worked'
Want OK! each day? Sign up here!
The Divorce
Tori Spelling filed for divorce from Dean McDermott in March 2024.
As OK! reported in March 2024, Spelling filed for divorce from McDermott nine months after they separated. She requested spousal support and checked the box on the filing to ask the court to deny McDermott’s ability to try to collect spousal support from her. She also asked for full physical custody of her children with visitation.
The reason for their divorce was “irreconcilable differences.”
Separation Announcemnet
Dean McDermott confirmed he and Tori Spelling separated in June 2023.
"It's with great sadness and a very very heavy heart that after 18 years together and five amazing children, that Tori Spelling and I have decided to go our separate ways, and start a new journey of our own," McDermott wrote on Instagram in June 2023, confirming the pair had separated.
"We will continue to work together as loving parents and guide and love our children through this difficult time," he added. "We ask that you all respect our privacy as we take this time to surround our family with love and work our way through this. Thank you all for your support and kindness."
In Touch initially reported on McDermott and Spelling still owing money to City National Bank.
