According to a new report, Thomas has now completely paid off a $6 million judgement, meaning he has fully paid back a $15 million loan he borrowed from the Law Finance Group.
Thomas’ legal drama began this year after the Law Finance Group filed a lawsuit against him in January accusing him of failing to pay back his $15 million loan as promised. In the lawsuit, Thomas was accused of using the money to “maintain [his] lavish lifestyle” with Erika.
Later, Thomas came to an agreement with the loan company to pay back what he owed, and he did end up paying back $10 million to the company. However, the company revealed that Thomas had failed to pay back the entire amount by an agreed upon date of July 7. This led to them getting a default judgement of the $6 million balance against him during the summer.
Last month, it was reported that Thomas had paid $3 million towards the $6 million. Fast forward to today, and the same outlet, The Blast, is reporting the Law Finance Group filed legal documents informing the court that Thomas has paid off the remaining $3 million owed.
This will officially close the court case as Thomas has now satisfied the $6 million judgement.
While he has put a close to this legal case, Thomas still faces a $3.5 million lawsuit from Stillwell Madison for an unpaid loan and a $40,000 lawsuit from JJ Jackson Consulting, who allegedly provided expert consulting services for one of his clients but was never paid.
Just this week, Thomas fired back at the $40,000 lawsuit, asking that a judge throw out the case. A ruling has yet to be made in that cast.
The Real Housewives of Beverly Hills will return to Bravo TV for season 10 sometime next year.
Photo Credit: Bravo TV