Kim Zolciak’s husband Kroy Biermann may have his Rolls-Royce ‘repossessed’ after failing to make $5K-a-month payments for over a YEAR… amid ugly split
Kim Zolciak’s husband Kroy Biermann is about to lose his car.
The Real Housewives Of Atlanta guest star hasn’t made payments on his white Rolls-Royce in more than 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 seize the vehicle as soon as possible.
The company claims the former football star has not responded to requests to make payments for the car, valued at $400,100, leaving them with little choice.
Kroy is very late with his payments. He reportedly hasn’t written a check for his car since September 2022, and that has certainly added up considering the payments are over $5,000 a month. That means he now owes more than $190,000.
This is more bad news for the financially strapped couple as they are forced to put their Georgia mansion on the market as it is on the brink of foreclosure. They’re asking a steep $6 million.
They also remain on and off with their very ugly divorce.
Bye car! Kim Zolciak’s husband Kroy Biermann is about to lose his car. The Real Housewives Of Atlanta guest star hasn’t made 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 seize the vehicle as soon as possible. The company claims the former football star has not responded to requests to make payments for the car, valued at $400,100, leaving them with little choice.
No pay, no ride: Kroy is very late with his payments. He reportedly hasn’t written a check for his car since September 2022, and that has certainly added up considering the payments are over $5,000 a month. That means he now owes more than $190,000; Stock photo
TMZ also claimed that BMW filed a request to repossess the Rolls-Royce months ago.
Now it’s up to a judge in Georgia to decide what should happen.
BMW sued Kroy in June for missing his lease payments.
When a car, truck or other vehicle is leased, the creditor or lessor has significant rights to the vehicle until the vehicle is paid off.
These rights are established in the signed contract and in state law.
“If you do not pay on time or fail to fulfill your obligations under the contract in any way, the creditor or lessor may have the right to repossess your vehicle,” the website says. website for the Ministry of Banking and Finance of the Georgian Government.
As for their house, Kim and Kroy hope it sells quickly or the bank will take control as they are close to bankruptcy.
They have until November 7 to unload the sprawling property, otherwise an auction will take place on the estate.
The home – which was featured on the Bravo spin-off series Don’t Be Tardy – features 7 bedrooms, 11 bathrooms and amenities such as a pool, wine cellar, arcade and movie theater.
They also lose their house: This is only bad news for the financially strapped couple, as they are forced to list their Georgia mansion as it is on the brink of foreclosure.
They want big money: they’re asking for a steep $6 million. They also remain on and off with their very ugly divorce
Big deal: The house — featured in the Bravo spinoff series Don’t Be Tardy — features 7 bedrooms, 11 bathrooms, and amenities like a pool, wine cellar, arcade, and movie theater
They also have other financial problems.
In late October, they were ordered to pay approximately $230,000 in a credit card lawsuit.
The 45-year-old Real Housewives Of Atlanta alum and the 38-year-old former NFL athlete have six-figure debts after reportedly defaulting on credit card accounts.
Court documents obtained by TMZ show that a Georgia court has entered a judgment against the reality stars for $226,836.22 against Simmons Bank.
In addition, there is also $178.51 in interest, along with $2,071.57 in foreclosure costs and $1,945.31 in attorney fees.
This only continues the estranged couple’s money woes as the total judgment equals a whopping $231,031.61.
Uh oh: Zolciak and Biermann have been ordered to pay approximately $230,000 in a credit card lawsuit, according to court documents obtained by TMZ in late October
in August Page six reported that Kim was being sued by a credit card company for more than $150,000.
Court documents show that Saks/Capital One claims Kim has failed to pay an outstanding balance of $156,080.64.
According to the credit card company, the most recent payment Kim made to them was $4,179, all the way back in September 2022.
In July, TMZ obtained legal documents showing that Target National Bank was suing her for failing to pay off a balance of $2,482.24.
Their marital problems remain acute.
A judge ordered the couple to act civilly toward each other in an effort to protect the couple’s four young children: Kroy “KJ,” 12, Kash, 11, and twins Kaia and Kane, nine.
“Neither parent shall defame the other parent in the presence or earshot of the minor children,” the documents say.
Another provision stated that neither parent may listen in on the other parent’s time with the children, and the children may not be used 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 children: The judge also ordered the couple to act civilly toward each other in an effort to protect the couple’s four young children: Kroy “KJ,” 12, Kash, 11, and twins Kaia and Kane, nine.
In July, news broke that the reality TV couple had decided not to split and had withdrawn their divorce papers in the Superior Court of Fulton County in Georgia. They were spotted shortly before attending a church together in Atlanta.
After the second divorce filing, a source came forward 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 is “not trying to get back together.”
In their first two months after their breakup — during which both asked the court for sole legal and physical custody of their four younger children — Kim and Kroy sparred in court documents.
Kim said Kroy smokes marijuana, which lends credence to his ability to raise their children; while Kroy claimed Kim’s gambling habit has consumed her time and decimated the family finances.