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.
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.