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Todd Chrisley’s Chrisley & Company, Julie Battles Bankruptcy Deadline: EXCLUSIVE

Posted: March 24th, 2015 in Chrisley & Company, Todd Chrisley by LALATE

Todd Chrisley's Chrisley & Company, Julie Battles Bankruptcy Deadline: EXCLUSIVE

LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley and Chrisley Knows Best returns tonight on E! But how did Todd Chrisleys make his money, what happened to Chrisley and Company and Chrisley Asset Management, and are the Chrisley bankruptcy cases resolved? Until this month, the Chrisleys battled two bankruptcy cases. The first was Todd’s personal bankruptcy case. That one is now resolved and wrapping up. The second one is the corporate bankruptcy case. That is still pending with a new deadline, LALATE can report.

Todd Chrisley made his money with Chrisley Asset Management, LLC. The company would under contract with Fannie Mae take distressed homes, refresh them, and then resell them. The company would get compensated per sale. The business was incredibly lucrative until a state court suit between the owners lost the Fannie Mae contract. After Todd filed for personal bankruptcy, so did Chrisley Asset Management, LLC. That case is active. The defendants include Julie Chrisley, Todd’s wife. Chrisley Assessment Management allegedly “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.”

Kyle Chrisley Mug Shot Photos 2013
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The trustee Robert Trauner claims alleged fraudulent transfers to Julie we done to defraud creditors. Chrisley and Company, LLC is another defendant in the action. But as of the moment Julie still is not represented by counsel formally in the case. Her deadline to file her answer to the action is April 17, LALATE can report. But one of the other defendants, who is represented by attorneys, just filed a motion to dismiss. That matter is pending. A new season of Chrisley and Company debuts later this year on USA Networks. For continued coverage click HERE.







Todd Chrisley Fashion Police: Fans Know Chrisley is Best Replacement, EXCLUSIVE

Posted: March 1st, 2015 in Fashion Police, Todd Chrisley by LALATE

Todd Chrisley Fashion Police: Fans Know Chrisley as Best Replacement

LOS ANGELES (LALATE EXCLUSIVE) – Is Todd Chrisley a Fashion Police frontrunner to replace the exiting Kelly Osbourne? Todd Chrisley fans certainly believe so. On Saturday night, “Todd Chrisley 4 Fashion Police” dominated social media as Chrisley Knows Best Fans sent a sea of tweets to E! executives urging for the patriarch of perfection to join the police of precision.

But Todd Chrisley seems the frontrunner for the Fashion Police job, LALATE can report. A new report surfaced this weekend claiming that Khloe Kardashian and NeNe Leakes are being considered for the gig. LALATE can report that it is unlikely that Leakes would take the job after she was passed over for the lead, given to Kathy Griffin. And Khloe Kardashian seems far too tame for the show after a lackluster role during the Oscars telecast.

Chrisley on the other hand has done an exceptional job for E! in recent weeks giving his fashion reviews of the Oscars and of the Grammys. Before that, Todd delivered incredible appearances on the Steve Harvey Show in fall 2014. And as fans have watched, Chrisley’s on-air time with E! has expanded dramatically in recent months. In addition to print roles, he has had exceptional on-air appearances with the show’s news segments. Tuesday nights on E! have parlayed, in turn, to a Chrisley Knows Best night of reruns. While CKB usually airs on USA Networks on Tuesday night, parent NBC Universal has moved the show’s reruns to E! on Thursday night. And the ratings have been stellar.

So will Todd Chrisley be joining the Fashion Police? If he does, Madonna better be ready. Despite what the Material Girl wore at the Grammys, as Todd would say, it’s “Class not A–”.






Todd Chrisley’s Wife, Chrisley and Company Ordered to Bankruptcy Mediation

Posted: February 24th, 2015 in Chrisley and Company, Todd Chrisley by LALATE

Todd Chrisley Wife, Chrisley & Company Ordered to Bankruptcy Mediation

LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley’s wife and Chrisley and Company have been ordered to bankruptcy mediation today, LALATE can exclusively report. Tonight Chrisley and Company Department Store heads to E! as season one episodes rerun. But where is Chrisley and Company Department Store located, how did Todd Chrisley make his money, and what happened to Todd’s bankruptcy case? LALATE can exclusively report that just today a major update unfolded in Todd Chrisley’s corporate bankruptcy case.

Chrisley and Company Department Store was said to open at the end of Chrisley Knows Best Season 1. But it apparently never did. Rather, Chrisley and Company LLC has been ordered to mediation along with Julie Chrisley today. What is happening with Todd’s bankruptcy? As exclusively reported on LALATE in recent months, Todd Chrisley filed for personal bankruptcy. That trustee sued Julie for alleged fraudulent transfers; she denied the same. Also Todd’s company Chrisley Asset Management filed for corporate bankruptcy. And that (different) trustee sued Julie also for alleged fraudulent transfers. Among the defendants is also Chrisley and Company (c/o Julie Chirsley), and Le Reve Reality Group (also c/o Julie Chirsley).

In 2014, Todd repeatedly told news that his family is blessed and that the bankruptcy is old news and that he has moved on. Rather, that is not the case for Julie. In the Robert Trauner Trustee suit against Julie, her answer to his complaint is due March 17, 2015. No attorney has yet to enter an appearance on Julie’s behalf.

Kyle Chrisley Mug Shot Photos 2013
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But just today, the court entered a consent order. The parties including Julie agreed to mediate the corporate bankruptcy case right now. Judge Paul Bonapfel will act a neutral mediation. The mediation appears to be non binding, voluntary, and will be conducted soon. No deadline for the mediation is indicated in the order issued by the Court today, obtained exclusively by LALATE.

Robert Trauner, trustee for Chrisley Asset Management, claims that Todd made his money running CAM and rehabbing homes. CAM had a purported contract to do homes for Fannie Mae and then was compensated for each home sold. Chrisley made fortunes from the contract. But when a state court suit ensued between the CAM owners, Fannie Mae purportedly cancelled the lucrative contract. CAM then was allegedly unable to meet its financial obligations and filed for bankruptcy.

LALATE has called Chrisley Knows Best one of the best reality shows on television. Todd Chrisley serves as one of its producers. A new season debuts in the coming weeks on USA Networks, not E!. Rather E! will continue to carry re-runs in the coming weeks.

Todd Chrisley Wife Sued in Bankruptcy Court for Chrisley & Company Money

Posted: February 17th, 2015 in Chrisley and Company, Todd Chrisley by LALATE

Todd Chrisley Wife Sued in Bankruptcy Court for Alleged $726K Transfer make his money chrisley and company

LOS ANGELES (LALATE EXCLUSIVE) – What does Todd Chrisley do for a living, where is Chrisley and Company, how did Todd Chrisley make his money, and what is going on with Chrisley’s bankruptcy case? Recently a tabloid site reported that Chrisley family bankruptcy issues were about to be settled and concluded. Rather, the report is misleading. Todd Chrisley filed for personal bankruptcy. And his former company Chrisley Asset Management filed for corporate bankruptcy. Each case got their own trustee. And each trustee sued Julie Chrisley claiming alleged fraudulent transfer of assets to Julie. Julie and Todd disputed the same. Now Todd Chrisley’s personal bankruptcy trustee is considering settling his case. But that has nothing to do with Todd’s Chrisley Asset Management bankruptcy case. In fact, the proposed settlement from that personal bankruptcy case clearly states it does concern the corporate case. And now, LALATE can exclusively report, Julie Chrisley is just days away from responding to that corporate bankruptcy lawsuit against her.

Todd Chrisley’s Chrisley Knows Best tonight heads to E! The show – which LALATE has called one of the best reality shows on TV – returns to USA later this year. But Julie Chrisley has other issues to contend with. Among them are $726,302.44 being sought by Chrisley Asset Management’s trustee against her. The money allegedly came from Chrisleys and Company LLC accounts via transfers between January 1, 2012 and roughly April 2014. The trustee is seeking to recoup other moneys from other entities; but the above amount is just that at issue with Julie. Her response to the complaint is due in March.

Kyle Chrisley Mug Shot Photos 2013
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Roughly nine claims are being brought against Julie. Todd made his money rehabbing homes for Fannie Mae, under contract, with his company Chrisley Asset Management. But a state court suit between the owners of the company erupted. And the Fannie Mae contract was not renewed by Fannie Mae. The trustee claims “From and after some date currently unknown to Trustee, but, upon information and belief, well-known to Defendant Julie Chrisley, Defendant Braddock, and others, and which was no later than the date upon which Debtor was formally advised that Debtor’s contract with Fannie Mae would not be renewed—June 6, 2012—Debtor made the Avoidable/Recoverable Transfers described herein with actual intent to hinder, delay, or defraud Debtor’s then existing and future creditors as provided in Official Code of Georgia Annotated section 18-2-74(a)(1).” He adds “At the time Debtor made each of the Defendant Chrisley & Co.-Related Transfers, numerous creditors held claims against the Debtor… Each of the Defendant Chrisley & Co.-Related Transfers was made without Debtor receiving reasonably equivalent value in exchange for such transfer at a time when Debtor: (a) was insolvent, or became insolvent as a result of such transfer”, and other alleged reasons the trustee claims. So the trustee is seeking to void each alleged transfers to Juile.

Todd Chrisley, Chirsley and Company Department Store Heads to E!

Posted: February 10th, 2015 in Chirsley and Company, Todd Chrisley by LALATE

Todd Chrisley, Chirsley and Company Department Store Heads to E!

LOS ANGELES (LALATE) – Who is Todd Chrisley, what happened to the Chirsley and Company Department Store, and how did Todd Chrisley make his money? Tonight the Chrisley-curiosity has a new home, but only temporarily. Fans have been asking if Chirsley Knows Best is moving from USA Networks to E! It’s not. Rather, in an unusual twist, season one is coming to E! this spring on Tuesday night. The change however is promoting confusion.

Todd Chrisley and his Chirsley and Company Department Store assurances are arising tonight on E! as the network roles out season one episode from USA Network. The two cablers are part of the NBC Universal family. Tonight in an unusual twist E! is airing the show again on the same night the show aired during season two on USA.

As previously reported exclusively on LALATE, there is no Chirsley and Company Department Store. During Todd Chrisley’s bankruptcy proceeding, he listed Chirsley and Company as having no asset value. Before the TV show debuted, for several years Todd wrote online that the Chirsley and Company Department Store would be coming to Atlanta, then to Beverly Hills, and elsewhere. But it never did. He also told viewers during season one that he was spending a significant amount of his own net worth on Chirsley and Company. But off camera, he was in bankruptcy and claimed that he had no household belongings.

According to Todd’s bankruptcy trustee, Todd Chrisley allegedly first made eight million dollars in 2004. Todd allegedly owned a company called Executive Asset Management, LLC which he sold that year. Then in 2008, he launched Chrisley Assessment Management. How much money did Todd make through Chrisley Assessment Management? The trustee claims “During CAM’s successful tenure, Debtor was withdrawing over $500,000.00 per month in income from the business. Michael and Julie Chrisley own or owned multimillion dollar homes in resorts in Florida and South Carolina as well as a large estate in Atlanta. Defendant also has a condominium in Los Angeles and leases a substantial residence in Gwinnett County, Georgia.”

Kyle Chrisley Mug Shot Photos 2013
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Todd made money from foreclosure business. His company Chrisley Assessment Management allegedly “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.”

Eventually, the owners of Chrisley Assessment Management got involved in litigation. The Fannie Mae contract was cancelled. Todd then filed for personal bankruptcy. Chrisley Assessment Management filed for corporate bankruptcy. Since then Todd has told news that the bankruptcy matter is old news. Rather, it’s not. The CAM bankruptcy trustee is suing Julie, Todd’s bankruptcy trustee is suing Julie. This week, the second trustee revealed a proposed settlement for the second bankruptcy case only.








































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