The Management Group requires the actor to repay the loan. Otherwise, he claims the five properties that acted as collateral.
To recoup his dues, the group would have filled, according to the tabloid, a record that should compel Johnny Depp to separate from the five properties – all located in Los Angeles – which served as collateral for the loan.
The battle of Johnny Depp against The Management Group dates back to last June when the actor decided to sue the company for mismanagement of his money; the actor accused the company of having contracted loans on his behalf, up to $ 40 million.