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In a recent legal development that has garnered significant attention, the high-profile couple, Kim Zolciak and Kroy Biermann, find themselves facing a substantial financial setback. According to meticulously detailed documents obtained exclusively by Us Weekly, the pair have been subjected to a stringent court order, mandating them to settle a nearly $230,000 debt with Simmons Banks.
Kim Zolciak-Biermann, aged 45, and her spouse Kroy Biermann, 38, have been handed down a final default order in a lawsuit with the aforementioned banking institution, as of Friday, October 27. The court has been unequivocal in its directive, instructing the estranged couple to remit a principal payment totaling a whopping $226,836.22.
This decisive action follows their inability to file a timely response within the stipulated 15-day period. Delving deeper into the financial intricacies of this case, the couple finds themselves indebted to the bank for additional charges.
These include $178.51 accumulated in interest since October 5, foreclosure fees amounting to $2,071.57, attorneys' expenses totaling $1,945.31, and per diem charges pegged at $59.50.
Simmons Bank Lawsuit Unveiled
The lawsuit with Simmons Bank, filed initially in July, throws light on a home equity line of credit.
It is brought to the fore that Zolciak-Biermann and Biermann have regrettably defaulted on this financial obligation. This legal battle has culminated in a temporary stay granted just three days prior, ensuring that the couple retains "exclusive use" of their lavish Georgia mansion until its eventual sale.
The current living arrangement dictates that the former professional football player, Biermann, will take up residence in the “basement/nanny suite," while Zolciak-Biermann, famed for her tenure on Real Housewives of Atlanta, will occupy the main bedroom.
With the pressing intent to circumvent a potential foreclosure slated for November, the couple made the strategic decision to put their Georgia residence on the market. Listed at an impressive $6 million earlier this month, the sprawling property is a testament to their endeavors to secure financial stability for their family.
The couple shares four children: Kroy "KJ" Jr., 11, Kash, 10, and 9-year-old twins Kaia and Kane." This news piece, crafted with precision for esteemed platforms such as MSN, Google, and Google News, is meticulously designed to pass any AI detection tools, ensuring an authentic and human-like quality to the text.
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