Monday was a big day for Georgia's Chrisley family, as USA Network announced they would renew the clan’s outrageous reality TV show, Chrisley Knows Best and they feted the news with an appearance on The View. Thursday will be less celebratory, as representatives of several banks make an appearance in court trying to collect money they say they are still owed in patriarch Todd Chrisley’s ongoing bankruptcy case. Only RadarOnline.com has the latest details of Chrisley’s financial situation, including the bankruptcy trustee’s allegations that he made “fraudulent transfers” to hide his assets — and why the court could soon be asking for Chrisley’s USA contract!
Representatives for State Bank and Trust Company and US Bank will appear in court in Georgia Thursday for a hearing requesting “relief from the automatic stay” in Chrisley’s bankruptcy. Normally, creditors are barred from proceeding in collections against bankrupt debtors because of this stay, but these banks claim they have the right to go after Chrisley and his money right now.
In court documents obtained by Radar, U.S. Bank claims that Chrisley has defaulted on a $362,300 secured loan to the tune of $33,533.38. Since Chrisley “has failed to comply with the terms of the Loan …” they want “relief from the automatic stay so that the bank may exercise its remedies under the Security Deed and applicable state law.”
State Bank and Trust Company has filed court documents claiming that Chrisley owes them $842,164.49 after falling behind on their loan payments. They are also asking the court to lift the stay so they can work to get their money back without waiting for the bankruptcy to play out.
Chrisley is not required to appear in court Thursday.
Meanwhile, Radar has learned, his bankruptcy trustee is tightening the screws. Trustee Jason Pettie recently subpoenaed AOL and Google for email accounts belonging to both Todd and his wife Julie. Pettie will be in possession of those records by April 22. As Radar has reported, Pettie wants to uncover any evidence of “fraudulent transfers” by the Chrisleys in an attempt to hide their assets.
In addition, an insider tells Radar that is is likely Pettie will ask the court to require Chrisley to turn over his contract for the second season of the show. The family’s reality show has been a sticking point for Pettie, who noted in recent filings that despite the ongoing bankruptcy, the Chrisleys “continue to live in lavish residences, drive expensive vehicles, and travel extensively” on their show. Pettie also took Chrisley to task earlier this year when he claimed only $650 in clothing on his bankruptcy schedule but bragged on the show about spending hundreds of thousands on his wardrobe every year.