LOS ANGELES (LALATE EXCLUSIVE) – Who is Todd Chrisley, what does Todd Chrisley do for a living, how did Todd Chrisley make his money, and whatever happened to Todd Chrisley’s bankruptcy? Tonight, Chrisley and Company is back with three hours of programming, a six episode marathon, on E! In the coming weeks more episodes of Chrisley with a new season debut on USA Network. But in days from now, Chrisley’s wife Julie battles a deadline regarding a Chrisley and Company bankruptcy case.
Todd Chrisley and Chrisley and Company both filed for bankruptcy. But recently, Todd Chrisley’s personal bankruptcy ended. However, the Chrisley and Company corporate bankruptcy case is still pending. Among the parties being sued is Julie. And Julie’s deadline to answer the complaint is next month.
Todd Chrisley’s financial troubles prompted two bankruptcy cases: one for the family business Chrisley Asset Management, LLC and one for Todd Chrisley personally. The first bankruptcy case is still pending, LALATE can report. In it, the trustee for Chrisley Asset Management, LLC, Robert Trauner, is suing Julie Chrisley, Chrisley and Company, and several other defendants in an adversary bankruptcy proceeding filed on November 12, 2014, midway through season two of Chrisley Knows Best (USA Network). Chrisley Asset Management, LLC on April 22, 2013, midway during the first season of the reality show filed for bankruptcy.
How much money is at issue in this corporate bankruptcy case? LALATE can report that attached to the complaint is a one page exhibit entitled “Recoverable Transfers to, or for the benefit of, Defendant Julie Chrisley – Exhibit “B”. In it, the trustee claims that Julie Chrisley received $726,302.44 dollars in 2012 from Chrisleys Asset Management that she allegedly was not entitled to. This sum of money is in addition to the assets/funds that the other trustee is going after Julie Chrisley for.
Tonight, E! purportedly replays the episode in which Todd imparts to his children about the need for them to work. But in the same scenes, Todd gives no indication to viewers what he does for a living. His Georgia based Chrisley Asset Management company, according to Julie’s court documents, would formerly take Fannie Mae properties and make a commission on their refurbishing. Todd’s company would “upgrade and repair the [Fannie Mae] properties”, then “sell them”, and then Chrisley Asset Management “would be paid a commission” [by Fannie Mae].” That deal purportedly has since been cancelled by Fannie Mae. For more about Todd, click HERE.