Erika Girardi Natalie Guercio The Real Housewives of Beverly Hills - RHOBH

Erika Jayne’s Husband Thomas Girardi Pays Off $3 Million Debt

Erika Jayne‘s husband, Tom Girardi, may have just coughed up $3 million to pay off his debt, but he’s not exactly off the hook just yet.

According to The Blast, Tom paid “$2,982,272.42 owed on a $6 million debt,” but to make the lawsuit go away entirely, he will have to drop another $3M.

Back in January, Tom was hit with a $6M lawsuit by Law Finance Group, who claims that they gave Girardi a $15M loan “to fund the operations of his firm.”

Law Finance Group says Girardi failed to pay all of the loan back. According to the group, Girardi only paid $10M on the loan, so they slapped him with a lawsuit for $6M.

They also accused Tom of using the $15M loan to fund his lavish lifestyle and to keep his law firm afloat.

However, this lawsuit didn’t just come out of nowhere.

According to court docs, Law Finance Group attempted to work out a payment plan with Girardi before taking legal action.

In August 2018, Law Finance Group and Girardi agreed to a repayment plan, but the lender says Girardi breached that agreement.

The deal involved Girardi making monthly payments, in addition to a “$1 million payment by the end of October and a “$5 million by January 1.”

Girardi also allegedly promised to use his Pasadena home as collateral in case he failed to make payment.

Meanwhile, Tom Girardi has denied all the claims made by Law Finance Group.

In a statement to The Blast, Girardi said: The truth of the matter is this. I have not taken one penny from the law firm in the past three years. I have devoted everything to assist in the cases that we have here. Further, the money that was borrowed, we agreed to repay in approximately two weeks before the lawsuit. It is slanderous that the money was for my ‘lifestyle’ … every penny went for costs in cases that the firm is handling.”

The Real Housewives of Beverly Hills will return to Bravo for season 10 in early 2020.

Thoughts on Tom paying off his lawsuit?

Follow AllAboutTRH On Instagram.
Follow AllAboutTRH On Twitter.
Like
AllAboutTRH On Facebook.

Source: The Blast 

About the author

Lara Sophia

Lara began writing for AllAboutTRH in October 2014. Lara is a born and bred Jersey girl, who loves blogging and currently writes a lifestyle blog: ChicandSequined.com Beyond blogging, Lara enjoys traveling, fashion, beauty, and gossip. Lara is excited to get in on the gossip and put her own spin on things.

Email: lara@allabouttrh.com | Phone: (248) 436-1663 Ext. 2 | "Write to Lara": AllaboutTRH.com Attn: Lara 3160 Ridgeway Ct. Commerce Twp., MI 48390