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 required in court, and none has been filed in this case.” To read more click here.