Tori Spelling and her separated spouse Dean McDermott are facing a lawsuit from a bank, demanding close to $400,000 over a 13-year-old loan that remains unpaid. The original loan, claimed to be over $395,000, was taken out by the couple in 2012.
The Beverly Hills, 90210 alum, 52, and Toronto-born actor, 58, were named in a six-figure lawsuit City National Bank filed last week in Los Angeles.
Their financial troubles are revisited in the lawsuit where it states that Spelling and McDermott have not fulfilled their commitments outlined in the loan agreement.
Spelling’s financial struggles have been in the public eye before. As the daughter of the late Hollywood mogul Aaron Spelling and Candy Spelling, she has previously considered starting an Only Fans account, hoping the earnings could help with her children’s college expenses.
Spelling – who played Donna Martin on the 90s Fox staple her late father created – is also less than two years removed from living with her kids in an RV in Ventura County, California amid the cashflow concerns.
Daily Mail has reached out to reps for both parties for further comment on the story. US Weekly was first to report the story.
Tori Spelling and her estranged husband Dean McDermott owe a bank nearly $400,000 stemming from an unpaid 13-year-old loan for more than $395,000, according to a new lawsuit. Pictured in LA in June of 2023, the month they split
The Beverly Hills, 90210 alum, 52, and Toronto-born actor, 58, were named in a six-figure lawsuit City National Bank filed last week in Los Angeles. Pictured in LA in October 2024
Four years later in 2016, the bank filed paperwork with the court stating that the couple was in debt more than $188,000 and had violated the pact they had previously agreed to.
A judgment was issued against Spelling and McDermott on May 22, 2017 for $220,088.37, Page Six reported after reviewing legal docs.
A court awarded the bank more than $400,000 from Spelling and McDermott in a 2019 judgment, according to the outlet.
Tori was assessed a sum to pay of $219,796.66 while Dean was assessed $202,066.10 for the unpaid loan and subsequent charges, the outlet reported after reviewing court docs.
Spelling – who is dating reality star Ryan Cramer – is mother to five children with McDermott: Liam Aaron, 18, Stella Doreen, 17, Hattie Margaret, 13, Finn Davey, 12, and Beau Dean, eight; McDermott is also father to son Jack, 26, with ex-wife Mary Jo Eustace, 63.
McDermott, who has been seen in films such as Foibles and Open Range, did not appear to be rattled by the collection efforts, as he spoke about his passion for yoga in a clip he posted Monday to Instagram Stories.
McDermott, who’s been seen on shows such as Due South, Tracker and Earth: Final Conflict, wore a T-shirt that read,’ Stuck between Namaste and Kiss My A**.’
‘This is where I find myself living a lot,’ he said. ‘I try to go more to Namaste and not so much to kiss my a**, but I wanted to share this.’
Spelling played high school student Donna Martin on the 90s Fox staple Beverly Hills, 90210
The news of the lawsuit came a day after Spelling honored McDermott on Father’s Day
McDermott did not appear to be rattled by the debt. collection efforts as he spoke about his passion for yoga in a clip he posted Monday to Instagram Stories
McDermott spread positivity to his 138,000-plus followers, saying, ‘If no one’s told you that they love you today, I’m telling you right now, I love you guys, and you’re all f***ing rock stars!’
Spelling said in court docs she and McDermott had separated on June 17, 2023, listing ‘irreconcilable differences’ as her reason for the split.
Spelling in legal docs had requested sole physical custody and joint legal custody of their five children.
She also requesed McDermott provide her with spousal support and reimburse her legal fees in the matter.
The former couple had documented their 17-year-plus union on the TV shows Tori & Dean: Inn Love and Tori & Dean: Home Sweet Hollywood.
