Tori Spelling, Dean McDermott Reportedly Owe A Bank Over $200k

Tori Spelling and Dean McDermott face a lawsuit from City National Bank over a $400,000 loan from 12 years ago. Their debt, now totaling more than $200,000, has accrued significant interest. Spelling, who inherited $800,000 from her late father Aaron Spelling’s $600 million estate, has publicly discussed her financial struggles.

Amid their ongoing divorce, Spelling seeks primary physical custody of their five children, while McDermott wants joint custody. Despite their split, McDermott defended Spelling online, praising her compassionate nature. Both are now in new relationships.

The City National Bank has reportedly sued Spelling and her estranged husband McDermott over an outstanding $400,000 loan from 12 years ago.

According to Us Weekly, the bank filed documents on May 20, seeking a default judgment of $219,796.66 from Spelling and $202,066.10 from McDermott. The former couple’s debt accumulated interest over the years, with a reported balance of $188,803.38 in 2016, which they stopped paying.

The “Beverly Hills, 90210” alum, who had $88,731.25 seized from her bank account by American Express in 2020, recently discussed her financial struggles on her iHeart Radio podcast, “misSPELLING.” She revealed that her iHeartRadio producer, Amy Sugarman, saved two of her storage units from auction at the last minute.

“Sh-t, you guys. I don’t think this is anything that I actually need… It’s all Dean’s stuff,” she lamented in April. “I am so sad right now. I just wanted to get my memorabilia and my kids’ stuff, and this is nothing that we need. $971 for f–king sh-t. Oh my God, talk about getting screwed. Like, what the f–k?”

The actress is the daughter of the late media mogul Aaron Spelling, and she received only an $800,000 inheritance from her father’s $600m fortune when he passed away at 83 in 2006.

Spelling’s ex-husband at the time, Charlie Shanian, revealed to the DailyMail that she was deeply upset by the inheritance news, crying not over the money but over the implications of the will’s structure.

“She was crying and feeling upset, not about the money, but about what it meant,” Shanian said, adding that there was “real pain” in Spelling’s reaction.

Shanian further noted that Aaron’s hope “was that it would bring Tori closer to her mom because it would require a connection between them.”

However, Spelling’s mother, Candy, the executor of the estate, reportedly disapproved of Tori’s extravagant spending habits. Candy told the New York Times in 2014, “She would close a store and drop $50k to $60k. I never did anything like that. She just went crazy.”

Spelling and McDermott’s financial struggles come amid their ongoing divorce battle. The former couple were married for 18 years but had been sleeping apart for three years before their legal separation, which led McDermott to check into rehab for substance abuse after a heated argument last June.

On March 29, Spelling filed for divorce, and in the legal proceedings, both have requested that the other pay spousal support and attorneys’ fees.

As reported by The Blast, the 51-year-old is seeking primary physical custody of their five underage children, while McDermott is seeking joint custody.

In his filing, McDermott also requested that his estranged wife cover his attorney fees.

In October, McDermott began a relationship with Lily Calo, a 32-year-old senior account executive at Conscious Community Global. Spelling, who is currently dating Ryan Cramer, CEO of Neuron Syndicate Inc. Advertising, showed her support by liking the couple’s Instagram post.

However, when one user criticized Spelling for liking the post and described her action as “mind-boggling,” McDermott defended her by describing his estranged wife as a “highly evolved and compassionate loving person.”

He highlighted Spelling’s kindness and maturity, stating: “It’s because she is a highly evolved and compassionate loving person, which is a lot more then I can say for the trolls commenting on this post. Tori has a boyfriend. People get divorced and are better apart them [sic] together. That’s life.”

“I’ll pray for happiness for all the haters,” he added.

On her “misSPELLING” podcast, Spelling reflected on her failed marriage and recalled the explosive argument with McDermott that led to their split. She shared that the fight erupted after a day on set in June 2023, when McDermott made a comment “he knew would really be hurtful to hear.”

Although the 50-year-old didn’t reveal McDermott’s exact words, she described the impact as so profound that she angrily threw a well-prepared baked potato onto the kitchen floor.

“This guttural scream came out of me,” Spelling recalled. “It wasn’t even like a sexy scream, like running in a horror film. It was beast-like. It wasn’t pretty at all.”

She added: “And I was like, ‘F-ck you!’ And I took my most prized possession at that moment, my baked potato. It was loaded to perfection, and I smashed it on the ground.”