A bench warrant was issued for Tori Spelling after she failed to appear in court for her ongoing legal battle with City National Bank. Now, RadarOnline.com can exclusively reveal the cash-strapped star may no longer face arrest, as an agreement has been made to drop the warrant.
In court papers obtained from Los Angeles Superior Court, a stipulation and proposed order to continue judgment debtor examination of Victoria Spelling and request to dissolve bench warrant was filed on Friday, April 26.
Attorneys for City National Bank and Spelling explain in the filing that she will appear on May 10, 2019 at the law offices of Ervin Cohen and Jessup LLP.
“She will bring with her the documents ordered in the Deposition Subpoena for Personal Appearance and Production of Documents and Things concurrently served upon her with the Order of Appearance at Judgment Debtor Examination, subject to any valid objections which she may have, including objections for privilege and work product,” the court papers read.
The attorneys asked for her warrant to be dissolved and for her Wednesday, May 1 court hearing has been continued to Monday, July 1.
As Radar reported, the bench warrant was issued when she failed to appear in court on March 27, 2019. The warrant was held at the time and would be activated if she didn’t show up to the May 1 appearance.
“Bail is to be set in the amount of $5000,” the judge ordered.
Spelling, 45, and her husband Dean McDermott, 52, were sued by City National Bank for failing to pay back a $400,000 loan given to them in 2010.
City National Bank accused parents-of-five of “owing plaintiff 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."
They also requested the $17,149.09 she withdrew in September 2016.
City National Bank was awarded a judgment in the amount of $202,066 against Spelling and McDermott back in May 2017.
Spelling racked up $40,280 interest for failing to pay. McDermott has to pay an additional $37,029.
On March 28, 2019, a Los Angeles Superior Court clerk signed off on a writ of execution, meaning the Sheriff can now take steps to garnish the couple’s wages and seize their bank accounts.