Thursday will be a big day for Todd Chrisley as banks who claim the entrepreneur owes them up to hundreds of thousands of dollars will make their case in bankruptcy court.

Todd Chrisley's Wife Accused of Hiding Assets in Bankrtupcy Case

While Chrisley doesn't have to show up, State Bank and Trust Company as well as U.S. Bank representatives are set to be at the hearing to ask for "relief from the automatic stay" in Chrisley's case. This would allow them to move forward with the collections process despite him filing for bankruptcy. According to documents obtained by Radar Online, they want to begin to collect their money now.

For State Bank and Trust Company they have handed in court documents that reveal Chrisley owes them $842,164.49 after he failed to make several payments. They want the court to toss out the automatic stay so they don't have to wait for the bankruptcy process to be complete.

Todd Chrisley's Bankruptcy Details

As for U.S. Bank, Chrisley has allegedly defaulted on a $362,000 secured loan to the amount of $33,533,38. They claim that the reality star "has failed to comply with the terms of the loan" so they also want "relief from the automatic stay so that [the bank] may exercise its remedies under the Security Deed and applicable state law."

The trustee handling Chrisley's case, Jason Pettie, believes that he is hiding assets. He has ordered AOL and Google to hand over Chrisley and his wife Julie's email account information to see if he is trying to commit bankruptcy fraud. Pettie is trying to find proof of "fraudulent transfers" between the couple in their attempt to tuck away assets.

On top of all of that, the court could ask Chrisley to hand over his contract with USA to see how much he will bring in from the second season of his hit reality show, Chrisley Knows Best.

Tags
Chrisley Knows Best, Usa, Reality TV