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Denise Richards’ husband, Aaron Phypers, is being sued for $252,000 after failing to repay a loan he took out for his business, Quantum Epigenetics Consulting, in November 2019.
In a series of new court documents, it has been revealed that while Aaron wants more time to repay the loan, claiming his business was impacted substantially by the pandemic, his lender feels otherwise, noting that Aaron, who appeared on the ninth and 10th seasons of The Real Housewives of Beverly Hills, should be forced to repay his entire balance, and he should also not be allotted more time to do so.
According to court documents obtained by Radar Online on July 17, Creditors Adjustment Bureau, a debt collection company, requested a Los Angeles judge award it $252,151 from Aaron and his healing center.
As RHOBH fans may have heard, the company initially sued Aaron in 2022 after he refused to pay back the business loan he took out, which included the loan itself, for $190,000, and $11,000 in interest. However, in his own documents, Aaron denied the claims and asked for the case to be tossed out.
Creditors Adjustment Bureau has been “unreasonably delayed in bringing this action against [Phypers] and that such delay substantially prejudiced [Phypers],” he alleged.
According to Aaron, he has been unable to repay the loan due to the “extreme hardship” his business faced amid the pandemic.
“Those events could be neither anticipated nor controlled, and the effects were beyond the control of the parties and imposed an extreme hardship, expense, or difficulty rendering performance impossible,” he explained.
He then requested the court grant him more time, asking if he can wait to pay until “business resumes to the pre-pandemic status, which would enable [Phypers] to satisfy any lawful obligation” and noting that the lender “understood that the source of repayment would be earnings from the operation of the Quantum Epigenetics Consulting, LLC business.”
Although a trial date has been set for January 8, 2024, Creditors Adjustment Bureau claimed in newly-filed documents that a trial is unnecessary as the evidence against Aaron speaks for itself.
As it explained, the loan terms were firm, and Aaron shouldn’t be given more time to pay off his past-due balance, which currently sits at $186,000 plus $66,000 in interest for a total of $252,000 in damages.
Aaron, who has been married to Denise since September 2018, has yet to respond.
The Real Housewives of Beverly Hills season 13 is expected to begin airing on Bravo sometime this fall.
Source : realityblurb.com
