Todd Chrisley filed for bankruptcy in 2012 claiming he had $100 to his name

That didn’t age well! Fraudster Todd Chrisley is seen boasting about spending $300k-a-year on clothes in 2014 clip just two years AFTER declaring bankruptcy to erase $20million in debt

  • Todd Chrisley filed for bankruptcy in Georgia in 2012 citing $49.5million in debt 
  • He claimed he had just $100 in cash, nothing in his bank account and assets of $4million 
  • A judge granted him relief, erasing $20million of his debt 
  • Two years later, he was filmed boasting about his wealth in a promo for his show 
  • ‘In a year we spend $300,000 a year, probably more, on clothing,’ he said 
  • Todd was sentenced to 12 years in prison yesterday for defrauding banks and evading taxes
  • His wife Julie has been sentenced to 7 years on similar charges; they plan to appeal

Todd Chrisley boasted about spending $300,000-a-year on clothes for his family in a TV promotion for their reality show just two years after complaining to a bankruptcy court that he had only $100 in cash and nothing in his bank accounts. 

The court papers were filed in a Georgia bankruptcy court in 2012 but gain new relevance today after the conviction and sentencing of Chrisley and his wife Julie for fraud. 

He is facing 12 years behind bars and she has been ordered to serve seven years – harsh terms which they vow to appeal. 

Prosecutors hinged their case on the fact that the pair presented a lavish lifestyle filled with hard-earned riches. They also used testimony from a man claiming to be Todd’s scorned gay lover.

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Todd Chrisley boasting that he spends $300,000 a year on clothes for his family just two years after filing for bankruptcy

Todd Chrisley boasting that he spends $300,000 a year on clothes for his family just two years after filing for bankruptcy 

The 2012 court filing reveals how Chrisley claimed he had just $100 in cash, nothing in his bank account, $650 in clothes and a $1,300 platinum wedding band

The 2012 court filing reveals how Chrisley claimed he had just $100 in cash, nothing in his bank account, $650 in clothes and a $1,300 platinum wedding band 

Chrisley claimed he had $4.2million in assets but nearly $50million in debts when he filed in 2012

Chrisley claimed he had $4.2million in assets but nearly $50million in debts when he filed in 2012 

They told TV viewers and fans that they too could obtain their level of wealth through hard-work and family. 

In reality, prosecutors say it was a lie, and that the pair defrauded banks out of $30million in loans, then failed to pay their taxes. 

Documents viewed by DailyMail.com reveal how Chrisley complained to the court that he had just $100 in cash and $650 in clothes when he filed his Chapter 7 in Georgia in 2012. 

He claimed there was nothing in his checking account, and listed the most expensive item that he had on hand to be his $1,300 platinum wedding band.

Chrisley listed his assets as being worth $4million – mostly in properties which he still owed on mortgages for. 

His total debt, however, was $49.5million.  

The judge granted his request for relief and erased $20million in debt. 

But a mere two years later, Chrisley and the family made no mention of their recent financial struggles. 

Instead, they painted a picture of a wealthy and aspirational family, who’d made ‘millions’ in real estate and now planned to break into the world of fashion and lifestyle with an eponymous department store in Georgia. 

‘In a year we probably spend $300,000 a year, probably more, on clothing. 

Two years later, he and Julie were on the USA Network, flaunting a lavish lifestyle with their kids

Two years later, he and Julie were on the USA Network, flaunting a lavish lifestyle with their kids 

The Chrisley family are shown in their 2012 promo, boasting about living in a gated community

The Chrisley family are shown in their 2012 promo, boasting about living in a gated community 

‘I approve every piece of clothing that our children wear,’ Todd boasted in a newly resurfaced promo for the TV show. 

The family’s home at the time was a 30,000 square ft mansion in Georgia. 

Todd boasted that it was part of a gated community and that they lived near celebrities like Usher. 

They later moved to Nashville, to a similarly expensive $3million home, then to a smaller property after they were indicted in 2019. 

The family continued filming their hit show  

Yesterday, Todd was sentenced to 12 years in prison for evading taxes and defrauding banks. 

His wife Julie was sentenced to seven years on similar charges. 

Their attorney Bruce Morris told DailyMail.com that they plan to appeal. 

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