Even Tori Spelling and Dean McDermott can’t hide when the bank comes after them.
According to Los Angeles Superior Court documents obtained by E! News, City National Bank is reportedly suing the celebrity couple for allegedly failing to fulfill payments on a debt going back four years.
E! reports court documents indicate that the couple borrowed $400,000 from the bank in December 2012 with a promissory note. The terms of the promissory note reportedly outline the couple would repay via monthly payments plus interest.
As of Dec. 2, the couple apparently has failed to repay their debt, and reportedly owe $185,714, plus an additional $2,407 in interest and $681 in late charges – all totaling $188,803.