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Todd Chrisley Accused of Condo Transfer to Julie To Avoid $23 Million Debt: EXCLUSIVE

Posted: December 18th, 2014 in Julie Chrisley, Todd Chrisley by LALATE

Todd Chrisley Accused of Condo Transfer to Julie To Avoid $23 Million Debt: EXCLUSIVE

LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley is being accused of improperly transferring his interest in a Georgia condo (photos below) to his wife Julie Chrisley allegedly to avoid a $23 million judgment against Todd. Todd Chrisley and Julie Chrisley are battling multiple actions in bankruptcy court right now. Todd Chrisley filed for personal bankruptcy. That matter is still pending. And his company Chrisleys Asset Management filed for bankruptcy. That matter is also still pending. Now the trustees in both bankruptcy cases are suing Julie Chrisley claiming that she allegedly received assets / moneys improperly so avoid creditors. The latest allegation, filed just days ago by Todd’s personal bankruptcy trustee, claims that Todd Chrisley before filing for bankruptcy was hit with a $23 million judgment in state court and then improperly transferred his condo interest to Julie. The trustee also claims that Todd has a “several years of unpaid taxes”.

Todd Chrisley is still in bankruptcy. But now Julie Chrisley has been hit with a new motion just days ago about a condo sale. Todd’s trustee claims “As [Todd Chrisley's] financial troubles mounted, the Debtor began taking more and more steps to evade his creditors. [Todd Chrisley]’s largest creditor, RES-GA Buckhead, LLC (“RES-GA”), filed a lawsuit in the Superior Court of Fulton County, Georgia in 2010, seeking to collect on three different notes. And RES-GA was successful; on May 23, 2012, the Fulton County Superior Court granted summary judgment in favor of RES-GA, finding that the Debtor was liable for principal balances in excess of $23 million”.

So what did Todd Chrisley allegedly do? The trustee claims in his latest document in Case Number Case No. 13-56132-MGD that Todd illegally transferred his interest in a condo to Julie Chrisley. The trustee claims that Todd and Julie found a buyer of their Georgia condo which they had owned together. “When [Todd and Julie] found a buyer for the Gallery Condo, they planned to transfer the property out of the [Todd's] name, in order for [Julie] to use the sale proceeds for her sole benefit. [Todd's] interest in the Gallery Condo was transferred to … [Julie for] no consideration …. Instead [Julie] … used all of the sale proceeds to satisfy her separate individual tax debt. Just about four months later, [Todd] filed this bankruptcy case”. Simply, the trustee is claiming that Todd 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.

Kyle Chrisley Mug Shot Photos 2013
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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. Off Todd, the trustee also adds that he allegedly “also had several years of unpaid taxes, owing hundreds of thousands of dollars.” The trustee is asking a court “to recover the Gallery Condo or the value thereof.” Julie has yet to file her response.

Julie has disputed other allegations by the trustee in this case. For now, Todd’s personal and company bankruptcy cases are still pending, and Julie is still being sued by two bankruptcy trustees. But he tells news that he has “moved on” and that he is “blessed”. The condo is located HERE. For more about Todd and Julie Chrisley click HERE.







Todd Chrisley: How Todd Made His Money, Net Worth Revealed in Docs: EXCLUSIVE

Posted: December 16th, 2014 in Chrisley Knows Best, Julie Chrisley, Todd Chrisley by LALATE

Todd Chrisley: How Todd Made His Money, Net Worth Revealed in Docs: EXCLUSIVE

LOS ANGELES EXCLUSIVE (LALATE) – Todd Chrisley’s Chrisley Knows Best season two finale airs tonight. But who is Todd Chrisley, what does Todd Chrisley do a living, what is the latest news update on the Todd’s bankruptcy, and how did Todd Chrisley make his money? Todd Chrisley started this season with a series of untrue statements to news that he had moved on from his bankruptcy case and that his family was blessed. Rather, the bankruptcy has not moved on; it has moved forward. Now Todd Chrisley’s personal bankruptcy trustee, and Todd Chrisley’s corporate bankruptcy trustee, are both suing Todd Chrisley’s wife Julie Chrisley. The latest case was filed against Julie just days ago. The first claims that Julie Chirsley allegedly improperly received assets from Todd before he filed for personal bankruptcy, a claim she disputes. The second just days ago claims that Todd Chrisley’s company allegedly improperly transferred assets to Julie before it filed for bankruptcy so to allegedly not pay creditors. She has yet to file her answer to that case. Now, Todd Chrisley’s bankruptcy trustee is revealing more about Todd Chrisley’s net worth, putting tax returns for Todd’s company Chrisleys Asset Management into public record, and more.

Todd Chrisley in Chrisley Knows Best has delivered what LALATE has called one of the most entertaining shows on televisions. But viewers have been left baffled by the lack of exposition by Todd this season. He advocates a work ethic to his children, but never tells viewers what he does for a living. He never depicts himself going to work or coming from work. And Todd Chrisley talks about his net worth, when he is in bankruptcy. When asked about his bankruptcy, Todd told news earlier this year. “It’s just a regurgitation of what happened in 2012. We’re very blessed. It’s 2014, we’ve moved on.” That is just not true.

New documents obtained exclusively by LALATE today reveal more about the pending bankruptcy case and the new action days ago. Julie Chrisley is being sued by Todd Chrisley’s trustee for alleged fraudulent transfers, a claim she denies. A document lodged this fall by that trustee named Jason Pettie line-items the following allegation: “23. Fraudulent transfers claims against Julie Chrisley” of $500,000. Item eleven indicates that the trustee allegedly sold a “platinum wedding band” as part of Todd’s bankruptcy case and received $1,300 for the sale. Moreover, the sale of $994,430 in Brookhaven Bank Stock (100,000) shares were received by the trustee this fall.

Kyle Chrisley Mug Shot Photos 2013
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Also put into public record, and not sought to be sealed by the Chrisleys, is a Chrisley Asset Management’s 2011 IRS Tax Return, obtained exclusively by LALATE today. The tax return claims that Chrisley Asset Management had substantial profits that year and paid salaries to person(s) including Todd. But what happened after 2011?

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. Fannie Mae would reimburse the funds expended for rehabilitation and EAM or CAM would receive a fee for each sale. During the last few years of robust foreclosures business in this industry was very strong.” The trustee claims that Todd was receiving $500,000 per month in include from his business.

But what does Todd for a living now? The trustee and the Chrisleys claim that, during a state court lawsuit between the Chrisleys and a former partner, Fannie Mae canceled that lucrative contract. The trustee claims that Todd and Julie have not been “employed since CAM closed in 2012. However, they continue to live in lavish residences, drive expensive vehicles and travel extensively”. Julie and Todd have disputed the same. For more about the new action and other updates click HERE.

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Todd Chrisley Co Bankruptcy Case: Julie Chrisley Gets Sued Again – EXCLUSIVE

Posted: December 16th, 2014 in Chrisley and Company, Julie Chrisley, Todd Chrisley by LALATE

Todd Chrisley Co Bankruptcy: Julie Chrisley Gets Sued Again: EXCLUSIVE

LOS ANGELES (LALATE EXCLUSIVE) – Julie Chrisley, Todd Chrisley’s wife, is already being sued by Todd Chrisley’s bankruptcy trustee. Todd Chrisley’s personal bankruptcy case is pending still. And the suit by Todd’s personal bankruptcy trustee against Julie Chrisley is still pending. That case claims that Julie Chrisley improperly received assets to prevent collections by Todd Chrisley’s personal creditors. She disputes the allegations. Now Julie Chrisley has new legal problems, LALATE can exclusively report. The bankruptcy trustee for Chrisley Asset Management, LLC, Todd and Julie’s company, is now suing Julie, Chrisley and Company, and several other defendants in a new 164 page complaint filed just days ago, obtained exclusively by LALATE. The complaint is seeking to void nearly $726,302.44 dollars in 2012 that Julie Chrisley received. The trustee claims the transfer(s) was improper and done by Julie to prevent collections by CAM’s creditors. Julie has yet to respond to the complaint.

Julie Chrisley’s legal troubles are growing, Todd Chrisley’s bankruptcy case is still pending, and more suits have been filed since Chrisley Knows Best started season two. The latest round came just days ago. And they are far from over.

Todd Chrisley’s financial troubles prompted two bankruptcy cases: one for the family business Chrisley Asset Management, LLC and for Todd Chrisley personally. Now 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.

But the trustee of Chrisley Asset Management is seeking “to recover for the benefit of Debtor’s bankruptcy estate, certain transfers of interests of Debtor in property and/or the value of the property transferred … which were made by Debtor prior to the filing of Debtor’s Bankruptcy Case [on 4/22/13], to or for the benefit of one or more of the Defendants” including but not limited to Julie Chrisley.

Kyle Chrisley Mug Shot Photos 2013
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Robert Trauner, as Trustee for the Estate of Chrisley Asset Management, LLC, claims that Julie Chrisley improperly received assets on the eve of a bankruptcy filing by Chrisley Asset Management. Now that trustee is seeing to void those transfers to Julie, “to recover damages from Defendant Julie Chrisley”, and to “to impose one or more constructive trusts on transfers made to Defendant Julie Chrisley or for the benefit of Defendant Julie Chrisley and/or the proceeds of such transfers, and/or obligations incurred by Debtor, for the benefit of Debtor’s bankruptcy estate and to aid in the recovery and collection of the avoided transfers, their value and/or their proceeds”.

And there is a lot of money at stake. 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. The season final of Chrisley Knows Best airs tonight on USA. LALATE has praised the show is one of the most entertaining shows of the fall season.

Todd Chrisley, Chrisley Know Best Narrows RHOBH Ratings Race: EXCLUSIVE

Posted: December 13th, 2014 in Chrisley Know Best, Todd Chrisley by LALATE

Todd Chrisley, Chrisley Know Best Narrows RHOBH Ratings Race: EXCLUSIVE


LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley’s Chrisley Knows Best posted strong ratings numbers this week, despite growing competition from new programming competitors and shows shuffled to compete also on Tuesday night. LALATE can report that the series, executive produced by Todd Chrisley, delivered impressive numbers this week and now approaching RHOBH’s ratings share overall. And while Real Housewives of Beverly Hills’s Tuesday episode featured high budget filming, like expensive get-always to Majorca with yachts and more, Chrisley Knows Best delivered powerful numbers while keeping production budgeting limited to Atlanta area filming. And yet, viewers were still wondering what does Todd Chrisley do for a living, what happened to Chrisley and Company Department Store, and what is the latest news update on the Todd Chrisley bankruptcy.

Todd Chrisley’s Chrisley Know Best (USA) rolled in a strong 1.693 ratings share on Tuesday night. The show also delivered a .7 ratings share in the key 18-24 demographic. The show debuted at the 10 pm hour and then was rebroadcast later in the night. Since cable ratings are based upon the night, not the timeslot, Chrisley was compared to other programming across basic cable that evening. And his numbers were impressive. At not 9 pm hour, BravoTV’s RHOBH delivered a 1.849 ratings share and 0.8 18-24 demographic number. While NBC Universal – parent of USA and Bravo – has never disclosed salaries of its cast, Chrisley’s show is competing against RHOBH with five women purportedly being paid in excess of $500,000 per season.

But the big question has been BravoTV’s highly promoted Girlfriends Guide to Divorce, also on Tuesday night. The show this Tuesday posted a .847 ratings share but with weak metrics in the younger demographic. Many reports have often contended that roughly a .9 ratings share season average is the benchmark for series renewals at BravoTV, even though that there have been cases to the contrary. LALATE has called Chrisley Knows Best one of the most entertaining realty shows on television. A marathon of the show is airing this weekend. For about Todd Chrisley click HERE.

Kyle Chrisley: What Does Todd Chrisley Do for Living, Who Is He?

Posted: December 9th, 2014 in Chrisley Knows Best, Kyle Chrisley, Todd Chrisley by LALATE

Kyle Chrisley: What Does Todd Chrisley Do for Living, Who Is He?


LOS ANGELES (LALATE EXCLUSIVE) – Kyle Chrisley and his wife is joining the debate this month on what does Todd Chirsley do for a living and who is Todd Chrisley? Kyle Chrisley went on the firing against Todd Chrisley when LALATE spoke with Kyle earlier this year. Many of Kyle Chrisley’s allegations mirror prior exclusives on LALATE about Todd Chrisley over the last year. There is that Chrisley and Company Department Store Altanta that does not exist. There is the Todd Chrisley bankrupt case still pending in which Todd Chrisley and Julie Chirsley claim that Todd has no net worth. Then there are the statements by Julie Chrisley that Todd Chrisley does not work the same type of living / occupation he did several years earlier. And with all this confusion, Todd Chrisley is back tonight with a highly entertaining show that is pushing the borders of realty TV.

Fans are more confused about what Todd Chrisley does for a living, and who is Todd Chrisley, than another other subject this fall, LALATE can report. Todd has critics, including Kyle, who have thrown accusations at Todd, his love life, and his parenting. But that is not what is bothering viewers, LALATE can report. It is rather the lack of a coherent storyline and exposition in a show about parenting, responsibilities, finding jobs, and working hard. If the show was not about those issues, viewers would not be asking every week as the show airs “who is Todd Chrisley” and “what does he do for a living”.

Kyle Chrisley Baby Mama Photos
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For now, it’s a mystery. Todd Chrisley in the confines of the show has not shown himself at work, employed, going to a job, or coming home. He depicts himself telling his kids the virtues of employment, and often reprimanding them, but never leading by example. We see him in the kitchen, we see him in the bed, we see him on vacation. But where is your job?

Kyle Chrisley Mug Shot Photos 2013
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Todd Chrisley in court documents claims that he has no net value, that there is no Todd Chrisley & Company Department Store, that household belongings aren’t his but Julie’s. Then she claims that Todd Chrisley created and ran Chrisley Asset Management, but that the company no longer operates as it once did. She claims that the company would rehab houses for Freddie Mae and get a commission on each sale. But then that deal was lost when the former partner sued Todd Chrisley and Julie and Freddie Mae cancelled the contract.

So why is Todd Chrisley suddenly an authority on parenting, why is someone who is bankruptcy court and does not depict any employment suddenly an instant reality TV show? It’s because the show is exceptionally entertaining and Todd, as executive prouder of the show, does a great show. And for now, that is a job. And Todd is doing it well. For more about Todd, click HERE.
















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