Todd and Julie Chrisley have been officially sentenced just over a week after being convicted of tax evasion and more last summer. In total, the famous couple was sentenced to 19 years in prison, and that’s not all. Due to their financial machinations (amounting to $36 million), they were ordered to pay restitution. The Chrisleys were fined $17.2 million, which is a significant amount of money even for former stars of a major reality show. So the question is how the two will pay off their debt, and according to a report, they’ll need two major assets to do so.
The Chrisleys are known for their extravagant lifestyle, which has been featured quite frequently on their popular USA Network show, Chrisley knows best – soon cancelled , according to reports. Now, faced with the need to pay $17.2 million, the couple will have to put their two homes up for sale. Says a source New York Post Office that both could lose these houses and more:
They will have to give up many things, including their homes, sadly. They can’t afford it. But his main concern now is his children, especially his youngest son.
Both homes are located in Tennessee and, according to Realtor.com (via fox 5 atlanta ), one is a 5,229-foot residence in Nashville valued at $2.9 million. The place would also have four bedrooms and six bathrooms. The other is in the Brentwood area and is a 13,279-foot mansion with an estimated value of $5.9 million. This home, which sits on 1.1 acres of land, is a bit sturdier than the other, seemingly featuring six bedrooms and bathrooms, four half-bathrooms, an eight-car garage, and an in-ground pool. Theoretically both places could be worth a lot, but if their values are correct, the couple would have to sell more assets to pay off the debt.
In addition to the heavy fine, Todd Chrisley was sentenced to 12 years in prison, while Julie received 7. Both received 16 months of probation each. Prior to the ruling, the two seemed optimistic about the time they would receive. Todd talked about how his faith in God kept him going while they waited. Even patriarch Chrisley has gone raw like called those who claim to understand their situation .
The Chrisleys, as the source mentions, have other concerns right now. They must also consider the welfare of their youngest children, who are being placed under the care of his daughter, Savannah . One of these children is 16 years old. Grayson, who was recently hospitalized after being involved in a car accident.
Julie and Todd Chrisley are expected to return on January 15, 2023. However, the Chrisleys are also filing an appeal and their the lawyer is “optimistic” that they will succeed. But this legal approach doesn’t work, there’s certainly the possibility that houses and other family assets hit the market.
Source: Cinemablend
