According to court documents obtained by PEOPLE, the couple has been ordered to pay off a default judgement to City National Bank totaling $202,066.10, and Spelling has separately been ordered to pay $17,730.56: a grand total of $219,796.66.
In December 2012, City National Bank loaned Spelling and McDermott $400,000. According to the documents, the couple promised to repay City National Bank “$400,000 in full, plus interest,” and the couple “agreed to make monthly principal payments plus interest.”
But “these amounts remain due, owing, and unpaid. Interest, attorney’s fees, and costs continue to accrue,” the documents state.
RELATED VIDEO: Tori Spelling Sued by American Express for Credit Card Debt of Almost $38K
The documents also claim that in September 2016, “Spelling caused her account to be overdrawn in the amount of $17,149.09. As of Dec. 20, 2016, overdraft charges of $241.54 were assessed. Spelling has not paid back the overdraft.”
City National Bank filed the request for the judgement to the Los Angeles Superior Court, and it was ordered on May 22.
FROM PEN: Learn The Process Behind Time Selecting The 100 Most Influential People
Spelling, 44, and McDermott, 50, previously shared with PEOPLE that they have open conversations with their kids about money.
“My husband and I work really hard. I mean, I’m constantly out there working,” she told PEOPLE. “It’s so important for my children to see that both their parents are working, and we talk to them about it. My kids are like, ‘It’s not fair, why aren’t you home more?’ And I explain [things] to them and we talk about money.”
A rep for the couple did not respond to PEOPLE’s request for comment.