They don't give her peace: The late Lisa Marie Presley is being sued because she didn't repay a loan
A private credit company is suing her Lisa Marie Presley for $3,8 million, as the late singer allegedly defaulted on a loan since 2018.
According to court documents, published on Entertainment Tonight, from the company "Naussany Investments & Private Lending" claim that Presley had until May 2022 to fully repay the loan she took out from them. They claim they have had no contact with Presley, who died in January this year, despite reportedly making several attempts to collect the debt.
According to court documents, Presley gave her ownership stake in the “Elvis Presley Enterprises” and the property Graceland as collateral.
However, it is unclear why she took out the loan. The company claims that Presley has borrowed money from them before – she borrowed $450.000 in July 2016, which she returned in full the following month. The company said it would drop the case if Presley's estate, now controlled by her daughter Riley Kio, agreed to pay $2,85 million, or 75 percent of the total debt, within 45 days.
The Daisy Jones & the Six star has been named sole executor of her late mother's estate following a legal battle with her grandmother Priscilla Presley. The 34-year-old actress also became the owner of Graceland, the legendary Memphis estate that once belonged to her grandfather. Elvis Presley.
In addition, Kyo is now also responsible for her 14-year-old half-sisters, Harper and Finley.
As for Priscilla Presley, she will be a special advisor to the foundation in the future. She was also allowed to be buried next to her late husband, despite her original request being denied. To reach a settlement, Keo reportedly paid her grandmother more than $1 million to settle their legal dispute in June of this year.
As a reminder, the drama between grandmother and granddaughter began immediately after the death of Lisa Marie, when Priscilla challenged the "authenticity and validity" of her late daughter's will.