Particle.news

Download on the App Store

Kim Zolciak and Kroy Biermann Ordered to Pay $230,000 in Bank Lawsuit Amid Divorce Settlement and Financial Issues

As part of ongoing divorce and financial troubles, estranged couple Kim Zolciak and Kroy Biermann are ordered to pay Simmons Bank $231,031.61, including attorney and foreclosure fees, for defaulting on a home equity line of credit; they must also continue living separately in shared Georgia mansion until it is sold.

  • Kim Zolciak and Kroy Biermann have been ordered by a court to pay Simmons Bank a total of $231,031.61 for defaulting on a home equity line of credit. This amount includes the primary amount, interest, foreclosure fees, and attorney fees.
  • In addition to their financial woes, the couple, as part of their divorce proceedings, is forced to sell their Georgia mansion worth $6 million. The pair is permitted to reside in the mansion until it is sold, with Zolciak residing in the basement and Biermann in the master bedroom.
  • The couple's financial struggles include an action by Saks/Capital One who sued them for over $150,000 in unpaid credit card fees after Zolciak stopped making payments in September 2022.
  • Another report revealed that Zolciak and Biermann owe the Internal Revenue Service more than $1 million in unpaid taxes, interest, and penalties from the years 2013, 2017, and 2018. This adds to their financial strain amid their ongoing divorce.
  • Their marriage woes began with filing for divorce in May 2023 after 11 years together; though they briefly reconciled, Biermann filed for divorce again three months later. The couple has four minor children.
Hero image