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Top Chef: Timothy Dean Escapes Foreclosure

September 21, 2010 01:42 PM by Lisa Princ

Top Chef on Bravo star Timothy Dean not only did not make the season seven finale in Singapore but he also recently escaped foreclosure on his restaurant. Can his luck get any worse? Keep reading for all the details!

The auction of Top Chef restaurateur Timothy Dean’s Prime Steakhouse restaurant in Baltimore was canceled only hours before the sale was to take place. Apparently Timothy Dean Dean defaulted on a loan he took out to buy the building containing Prime Steakhouse, leading to a $1.2 million dollar judgment against Timothy in May in the Circuit Court for Baltimore City.

Timothy was hoping to stage a comeback, from previous restaurant failures. In 2006, Timothy Dean purchased a building in Fells Point for $1.1 million. Timothy then opened TD Lounge in the building but then that restaurant closed and T.D. Bistro Inc., the business that owned the restaurant, filed for Chapter 11 bankruptcy protection in May. Dean then opened a second restaurant, Prime Steakhouse, in the same location in February, right before he started competing on Bravo’s Top Chef. While Timothy declined to comment on the matter, his attorney says “My client has used the existing laws of this country to reorganize himself.” So while no more details were given, one can’t help but wonder if Timothy Dean filed bankruptcy to save his restaurant from foreclosure.

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Photo credit: BRAVO

Topics: Bravo Reality TV Shows, Top Chef |

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