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Divorce is rarely pretty, but for Tori Spelling and Dean McDermott, the final curtain has revealed a financial disaster of epic proportions. The former couple, whose split was finalized after a tumultuous separation, are now facing the music—and the music is a collection agency demanding millions.
New court filings from their divorce proceedings have pulled back the curtain on the staggering debt the pair accumulated during their marriage, and the numbers are enough to make even the most jaded Hollywood accountant wince. We're not just talking about a little credit card trouble. We're talking seven figures in unpaid taxes, a mountain of loans, and enough red ink to fill a swimming pool.
According to the documents, Spelling and McDermott owe a combined total of more than **$1.7 million** in unpaid taxes. The bulk of that—a cool $1.2 million—is owed to the federal government. The remaining half-million dollars is due to the state of California. Because they are now legally separated, the debt will be split 50/50, meaning each will be personally on the hook for roughly $600,000 in federal back taxes and $250,000 to the state.
But wait, as they say on TV, there's more. The tax bill is just the headline act in a circus of creditors.
The couple also owes a staggering **$400,000** to City National Bank. This debt originated from a six-figure loan taken out over a decade ago, which has since ballooned with interest and fees, growing into a monster they simply couldn't outrun. Then there's American Express, to whom they still owe **$37,000**. This isn't a new development; stories of the couple's struggles with Amex have been circulating for years, painting a picture of a lifestyle funded by credit that eventually ran dry.
Perhaps most telling are the debts owed to private individuals. Spelling reportedly owes **$288,000** to one person and another **$69,000** to a second undisclosed individual. These are likely personal loans, the kind you accept from friends or acquaintances when the banks stop answering and the credit cards are maxed out—desperate measures for a desperate time. One can only imagine the awkward family gatherings or avoided phone calls these debts represent.
To add insult to injury, there are also **$10,228** in uninsured medical expenses (possibly related to the family's well-documented battles with toxic mold in their home), and McDermott is carrying over **$22,000** in student loans plus another **$20,609** for his own uninsured medical care.
So, how did a Beverly Hills princess and her husband end up in this financial quicksand? The divorce filings also shed light on their income, and the picture is one of instability and drastic ups and downs.
Spelling's monthly income is reported to fluctuate wildly, ranging from as little as **$3,000** to as much as **$75,000**. That's a rollercoaster from "how will I pay the rent?" to a very comfortable living, making financial planning virtually impossible. McDermott, meanwhile, brings in a relatively modest **$3,800** per month, and has cited the "grim state of the entertainment industry" for his reduced earnings.
For the average American, a $1.7 million tax debt is an abstract, almost fictional concept. But for Tori and Dean, it's a stark, daily reality. It's the ghost at the feast, the reminder that the fame and the reality shows and the brand deals weren't enough to outrun the bills.
While it's easy to gawk at the numbers, there's a profoundly human and relatable story here about financial precarity. They chose an expensive life, and when the work dried up and the interest compounded, the safety net vanished. Now, divorced and drowning in debt, they face the daunting task of rebuilding from a hole so deep it will take years, if not a lifetime, to climb out of. The fairy tale is well and truly over; now it's time for the long, hard grind of paying the piper.
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