Denise Richards’ husband, Aaron Phypers, is facing legal trouble as he has been accused of failing to repay a 6-figure business debt. Creditors Adjustment Bureau has taken him back to court, requesting $252,151 from Phypers and his healing center. Phypers denied the allegations and requested more time to repay the debt, citing the pandemic as a hindrance to his business.
Real Housewives of Beverly Hills star Denise Richards’ husband Aaron Phypers is facing a lawsuit from a debt collection company that is seeking $252,151 from him and his frequency medicine healing center for allegedly failing to repay a 6-figure business debt, although Phypers has denied the accusations and requested additional time for repayment due to the pandemic.
Title: Real Housewives Star Denise Richards’ Husband Dragged to Court Over Business Debt
Introduction:
In a recent legal twist, the husband of Real Housewives of Beverly Hills star Denise Richards, Aaron Phypers, finds himself in a legal battle over an unpaid six-figure business debt. Phypers is facing a lawsuit filed by Creditors Adjustment Bureau, a debt collection company, who is seeking $252,151 from him and his Los Angeles-based frequency medicine healing center, Quantum Epigenetics Consulting. While Phypers vehemently denies any wrongdoing, the lender argues that the loan terms were clear and is demanding full repayment, despite Phypers’ claims of financial hardship caused by the pandemic.
The Lawsuit and Phypers’ Response:
Creditors Adjustment Bureau alleges that Aaron Phypers failed to make payments on a $190k loan taken out in November 2019, which included an $11k interest agreement. Having defaulted on the loan, the company pursued legal action to obtain the entire outstanding balance. In response, Phypers refuted all accusations, requesting that the lawsuit be dismissed. He claimed that the delay in the lender’s legal pursuit had prejudiced him, and he further argued that the pandemic severely hampered his business, making it impossible for him to meet the repayment obligations.
Phypers’ Plea for Additional Time:
Citing the adverse effects of the pandemic on his business and finances, Aaron Phypers asked the court for more time to repay the debt. He asserted that his intention had always been to settle the debt using earnings from Quantum Epigenetics Consulting, LLC, the business that the lender was aware of as the source for repayment. Phypers contended that he should not be compelled to repay until his business had fully recovered to its pre-pandemic state, rendering him capable of fulfilling his lawful obligations.
Creditors Adjustment Bureau’s Demand:
Although a trial date is set for January 8, 2024, Creditors Adjustment Bureau claims that there is no need for a trial, as the evidence is clear-cut in their favor. They argue that the loan terms were unambiguous and maintain that Phypers should not be given any additional time for repayment. Consequently, the company demands that the reality star be ordered to pay the unpaid balance of $186k, along with $66k in interest, amounting to a total of $252k in damages.
Conclusion:
As the legal battle unfolds, Denise Richards’ husband, Aaron Phypers, confronts allegations of non-payment of a sizeable business debt. While Phypers contends that the pandemic impacted his ability to make payments, the lender argues that the loan terms were clear and repayment should not be further delayed. As supporters eagerly await the developments of this court case, it remains to be seen how this dispute will be resolved, and what consequences it may have on the couple’s personal and professional lives.