Todd Chrisley is drowning in debt. Although he had an impressive performance in the real estate game, things got worse in 2012 after he was hit by a number of lawsuits and had to file for Chapter 7 bankruptcy protection. In the petition, Todd claimed he had total assets of $4.2 million while owing about $50 million.
His attorney at the time, Robert Faure, said, “He secured a mortgage loan and it failed. He was in a bind for $30 million. Had he not, he would have been fine financially.” People.
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