Kevin Federline is facing fresh financial challenges after being sued by City National Bank over an alleged unpaid debt totaling at least $117,704. According to court documents, Britney Spears' ex-husband owes the bank money across three accounts: a credit card, a personal line of credit, and an overdraft facility.
Federline, 48, reportedly entered into an agreement with the bank in late November 2024, around the same time his final child support payment from Spears was deposited. Federline initially received $40,000 per month in child support while raising the boys in Hawaii.
However, the amount was later reduced to $20,000 after Sean Preston turned 18, with payments continuing until Jayden graduated from high school. In his memoir, You Thought You Knew, Federline explained that the money was used to cover security expenses and maintain the lifestyle his sons had become accustomed to while living with Spears.
He claimed those expenses "easily ran well over $40,000 a month." The lawsuit states that Federline had until August 2026 to settle his credit card balance. However, his personal line of credit was due in June 2025, while the overdraft facility had an earlier repayment deadline of April 2025.
The bank is also seeking unpaid interest on the outstanding balances, with interest rates standing at 20.5% for the credit card. Federline and Spears began dating in early 2004, got engaged in July, and married in California that September.
The legal filing highlights the growing pressure on Federline's finances following the cessation of the child support payments. Financial analysts suggest that managing high-profile lifestyles without consistent support streams often leads to such credit-related disputes.
Federline has not yet issued a formal public statement regarding the lawsuit. His legal representatives are expected to respond to the court summons in the coming weeks as the bank moves to recover the funds.
The case serves as a reminder of the complexities surrounding celebrity finances and the long-term obligations that often follow high-profile divorces. Observers are closely watching how the court will handle the repayment schedule given the specific deadlines mentioned in the bank's filing.
Federline later married Victoria Prince in 2013, and the couple continues to reside in Hawaii. The outcome of this lawsuit could significantly impact his family's financial planning moving forward.
As the legal proceedings unfold, the public remains interested in the financial stability of the former dancer. The bank's aggressive pursuit of the debt underscores the strict terms of the credit agreements signed by Federline.