The Huggins Law Firm, PA
Call to Schedule a Free Consultation
Columbia 803-764-1558 Charleston 843-509-0039

Tori Spelling may be in need of debt relief

Even celebrities like Tori Spelling of "Beverly Hills 90210" fame can have financial troubles, just like many South Carolina residents who are overwhelmed by debts do. Media reports citing her husband, Food Network host Dean McDermott, allege that an outstanding balance of $40,000 has prompted American Express to file a lawsuit against her. A source close to the 42-year-old Spelling expressed surprise that other credit card companies that she owes money to have not sued her as well.

Spelling's husband wants her to to file for bankruptcy. According to a source who knows Spelling, she refuses to consider the option. Spelling has a substantial collection of clothing and memorabilia in storage, and a bankruptcy could force a liquidation of her non-exempt assets. The size of the collection requires high storage fees which exacerbate the financial pressure on her.

Rumors of money troubles are nothing new for the actress and mother of four young children. A period of hospitalization for painful burns on her arms kept her from working during much of 2015. At that time, she had no income and her credit card debts continued to pile up.

Many reasons such as unemployment, medical emergencies or a divorce could cause someone to fall behind on bills. Personal bankruptcy could offer a way to restructure payments or have debts discharged by a court, but those who are in this type of a position might want to first meet with an attorney to learn about their available options. In some cases, there could be other alternative forms of debt relief that could be pursued and which would not result in the loss of assets.

Source: International Business Times, "Is Tori Spelling Bankrupt? Dean McDermott Reportedly Wants Her To File Chapter 7 Or 13, Source Says", Maria Vultaggio, Jan. 21, 2016

No Comments

Leave a comment
Comment Information

The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
Map & Directions

Charleston Office