Kim Zolciak’s husband Kroy Biermann is on the verge of losing his automobile.
The Real Housewives Of Atlanta guest star has failed to make payments on his white Rolls-Royce in over a year, according to a Friday report from TMZ.
The site claims that BMW Financial Service, the company that owns the lease, has asked a judge if they can repossess the vehicle as soon as possible.
The company alleges that the former football star has not responded to requests to make payments on the car, worth $400,100, so they have little choice.
Kroy is very tardy on his payments. He reportedly has not written a check for his car since September 2022, and that has certainly added up as the payments are over $5,000 per month. That means he now owes over $190,000.
This is just more bad news for the financially strapped couple as they have been forced to list their Georgia mansion as it is on the brink of foreclosure. They are asking a steep $6million.
They also continue to be on and off with their very ugly divorce.
Bye car! Kim Zolciak ‘s husband Kroy Biermann is on the verge of losing his automobile. The Real Housewives Of Atlanta guest star has failed to make payments on his white Rolls-Royce in over a year, according to a Friday report from TMZ
Ex wheels: The site claims that BMW Financial Service, the company that owns the lease, has asked a judge if they can repossess the vehicle as soon as possible. The company alleges that the former football star has not responded to requests to make payments on the car, worth $400,100, so they have little choice
No pay, no drive: Kroy is very tardy on his payments. He reportedly has not written a check for his car since September 2022, and that has certainly added up as the payments are over $5,000 per month. That means he now owes over $190,000
TMZ also claimed that BMW requested to take back the Rolls-Royce over months ago.
Now it is up to a Georgia judge to decide what to do.
BMW sued Kroy in June for allegedly missing his lease payments.
When a car, truck, or other vehicle, is leased, the creditor or lessor holds important rights on the vehicle until the vehicle is paid off.
These rights are established by the contract signed and by state law.
‘If you fail to make payments on time or default on your obligations under the contract in any way, the creditor or lessor may have the right to repossess your vehicle,’ it says on the website for the Georgia government’s department of banking and finance.
As far as their home, Kim and Kroy hope it sells fast otherwise the bank will take control as they are near foreclosure.
They have until November 7 to unload the sprawling property or there will be an auction on the estate.
The home – which has been featured on the Bravo spinoff series, Don’t Be Tardy – boasts 7 bedrooms, 11 bathrooms as well as amenities that include a swimming pool, wine cellar, arcade and a movie theater.
They are losing their home too: This is just more bad news for the financially strapped couple as they have been forced to list their Georgia mansion as it is on the brink of foreclosure
They want big money: They are asking a steep $6million. They also continue to be on and off with their very ugly divorce
Big deal: The home – which has been featured on the Bravo spinoff series, Don’t Be Tardy – boasts 7 bedrooms, 11 bathrooms as well as amenities that include a swimming pool, wine cellar, arcade and a movie theater
They have other financial issues as well.
In late October they were ordered to pay around $230K in a credit card lawsuit.
The 45-year-old Real Housewives Of Atlanta alum and the 38-year-old former NFL athlete owe in the six digit range after allegedly bailing on credit card bills.
Court documents obtained by TMZ read that a Georgia court ordered Simmons Bank a judgement against the reality stars for $226,836.22.
On top of that there is also $178.51 in interest along with $2,071.57 in foreclosure fees and $1,945.31 in attorneys’ fees.
This only continues the money woes the estranged couple as the total ruling equals a whopping $231,031.61.
Uh oh: Zolciak and Biermann have been ordered to pay around $230K in a credit card lawsuit a according to court documents obtained by TMZ in late October
In August Page Six reported that Kim was being sued by yet a credit card company for over $150,000.
Court documents show that Saks/Capital One is claiming Kim has failed to pay an outstanding balance of $156,080.64.
According to the credit card company, the most recent payment Kim rendered them was $4,179 – all the way back in September 2022.
In July, TMZ obtained legal documents that revealed Target National Bank was suing her for neglecting to pay off a $2,482.24 balance.
Their marriage issues continue to be dire.
A judge ordered the pair to act civilly towards one another in an effort to protect the couple’s 4 young kids – Kroy ‘KJ’, 12, Kash, 11, and twins Kaia and Kane, nine.
‘Neither parent shall disparage the other parent in the presence of or earshot of the minor children,’ the documents read.
Another stipulation stated that neither parent is allowed to listen in on the other parent’s time with the children, and the children cannot be utilized as messengers between the parents.
Kroy had also legally adopted Kim’s two daughters from a previous relationship: Brielle, 26, and Ariana, 21.
For the kids: The judge also ordered the pair to act civilly towards one another in an effort to protect the couple’s 4 young kids — Kroy ‘KJ’, 12, Kash, 11, and twins Kaia and Kane, nine
News broke in July that the reality TV pair had decided not to split, withdrawing their divorce papers in Superior Court of Fulton County in Georgia. They were seen shortly before attending a church together in Atlanta.
Following the second divorce filing, a source to People earlier this month that both Kim and Kroy are ‘still under the same roof,’ but revealed that all was far from well, adding, ‘it’s a money war right now.’
Despite living together, the insider explained that the estranged couple are ‘not trying to get back together.’
In their first two months of being split – in which both asked the court for sole legal and physical custody of their four younger children – Kim and Kroy took issue with one another in court documents.
Kim said that Kroy smokes marijuana, calling into credibility his ability to raise their kids; while Kroy claimed that Kim’s gambling habit has consumed her time and decimated the family finances.
