Kristin Cavallari is returning to reality TV for the first time since the series finale of The Hills eight years ago. When cameras weren’t rolling, the Laguna Beach alum’s father dealt with serious financial problems. RadarOnline.com can reveal exclusive details on his bankruptcy filing.
In court papers obtained from United States Bankruptcy Court for Central District of California, Dennis Cavallari filed for Chapter 7 bankruptcy on October 18, 2011.
Dennis owed creditors $10,423,001.00. The debts include $13,424 for his leased BMW 528i and $42,592 for his 2008 Land Rover Range Rover.
He racked up a total of $8,833,376 in deed of trust payments and $1,296,309 in mechanics lien payments for his California home, which was featured on Laguna Beach.
As for credit card bills, he owed $55,941 to Bank of America, $11,770 to Capital One, $59,875 to Citi AAdvantage and more.
Dennis, who is a real estate developer, had an average monthly income of $17,000, while his wife Judith had an average monthly income of $850 as a yoga instructor. Despite earning $17,850 a month, that didn’t stop the couple from having average monthly expenses of $57,537.
The family’s Laguna Beach mansion went into foreclosure and was sold in 2012. The case was closed on April 23, 2012.
Cavallari is returning to the small screen on E!’s Very Cavallari. The series will follow her life as a wife, mother and owner of her flagship store Uncommon James.
Very Cavallari premieres Sunday, July 8 at 10/9c on E!
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