LOS ANGELES (LALATE EXCLUSIVE) – How did Todd Chrisley make his money, who is Todd Chrisley, and what happened to Chrisley and Company? Chrisley Knows Best reruns hit television today. But within days, Julie Chrisley asked two different courts extensions. Julie is being sued by not one but two bankruptcy trustees stemming from Todd Chrisley’s, and his company’s, money problems. Recently Todd Chrisley told news that these bankruptcy maters are old news and that he is blessed. But the cases are still very active and no bankruptcy court nor trustee has blessed Todd or Chrisley. Rather two trustees are suing Julie claiming alleged fraudulent transfer of assets.. And now Julie is asking for not one but two extensions from these cases.
Todd Chrisley tells fans on his reality show a lot about his purported opulent spending. But behind the scenes, Todd is in personal bankruptcy still. His company is in corporate bankruptcy. And his wife is being sued by trustees in both actions. Todd’s personal bankruptcy case has a trustee. And Todd’s corporate bankruptcy case has a different trustee. But now, both of the trustees are suing Julie Chrisley seeking hundreds of thousands of dollars.
On November 12, 2014, Robert Trauner, the trustee in the corporate bankruptcy case, filed suit against Julie Chrisley and others for alleged fraudulent transfer of asset(s), seeking those assets to be returned. Now the court in that action just days ago extended Julie’s time respond to the action until February 12, 2015, LALATE can report. In that case, she is representing herself according to the court docket. Several weeks ago, Jason Pettie, Todd Chrisley’s personal bankruptcy trustee, filed a motion for limited summary judgment against Julie. Julie has now sought an extension of time in that action to March 6, 2015.
Kyle Chrisley Mug Shot Photos 2013
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In Todd Chrisley’s personal bankruptcy case, the trustee claims that RES-GA Buckhead LLC allegedly got a judgment against Todd Chrisley on 5/23/12 of $23 million. The trustee claims Todd has not paid that $23 million judgment. The trustee further claims that, as that matter was pending, on 4/23/12, Todd Chrisley allegedly transferred his interest in a particular asset to Julie Chrisley. In Case Number Case No. 13-56132-MGD the trustee claims that Todd allegedly improperly transferred his interest in a condo to Julie Chrisley. Simply said, the trustee is claiming that Todd allegedly transferred his interest in a half million dollar asset to his wife, for no money, and did so just weeks before filing for bankruptcy and after being hit with a $23 million judgment. The trustee is seeking to recover Todd’s interest in the $586,300.00 condo as an allegedly illegal transfer by Todd to Julie to defraud a $23 million creditor.
Todd’s trustee claims that Todd in the past was “financially successful primarily as a result of the performance of two companies … Both companies managed real estate assets and properties for lenders but primarily for Fannie Mae. This management included taking possession of properties after foreclosure and, through realtors, rehabilitating the properties and selling them. The companies were full REO firms meaning that they dealt with real estate owned by lenders.”