- Riley Keough, daughter of Lisa Marie Presley, is battling a debt collector from the UK over a large sum of money owed for a house her late mother owned.
- In legal documents, Riley claims she is not responsible for the debt and asks a judge to declare her trust is not accountable for the outstanding loan balance.
- Riley argues that the statute of limitations on the claim has expired and that her mother only guaranteed interest payments, not the principal, on the loan. The judge has yet to rule on the case.
Additional Coverage:
Riley Keough, the eldest child of Lisa Marie Presley, is facing a battle with a debt collector from the UK. The collector claims that Riley needs to pay a large sum of money for a house that her late mother owned. However, Riley is fighting back against these claims.
In recent legal documents, Riley, who is now in charge of her mother’s trust following her death last year, is asking a judge to declare that she is not responsible for the debt being pursued by a bank. The bank is attempting to collect the outstanding balance on a loan that Lisa Marie Presley took out to acquire the 11-bedroom property named Coes Hall in Rotherfield back in 2010.
Barclays Bank claims that Lisa owed about $1.6 million on Coes Hall and that she personally guaranteed payment when she obtained the loan. With Lisa’s passing, Barclays is now trying to hold the trust accountable for the repayment.
Nevertheless, Riley is disputing these claims. In the legal filing, she highlights two reasons why she believes she shouldn’t have to pay the debt. Firstly, she argues that the statute of limitations on the claim has expired since Barclays failed to file legal papers by the January 12, 2024 deadline, which marked the one-year anniversary of Lisa’s death. Secondly, she contends that Lisa only guaranteed interest payments on the loan from 2010 to 2015, meaning the trust should not be held responsible for the outstanding principal.
While the details may be technical, Riley is making her case to the judge, who has yet to make a ruling on the matter.