The new show from USA network, "Chrisley Knows Best" promises to be a new kind of reality show with the multimillionaire Todd Chrisley in the spotlight. However, several rumours went out even before the show came out on its scheduled date. The star of the new reality show was bombarded by several rumours but he was not going to back down and answered each ond every one of them.

The Chrisley family is dubbed as the Kardashians of the South by viewers and the man who is taking all the glory is Todd. The father of five is made his money in real estate but is trying to venture his business in the fashion industry with visions of building a luxury department store that will be the "Bergdorf Goodman of the South," according to People.

However, there seems to be trouble in the mansion as the news on the bankruptcy and debt surfaced. Todd apparently owed his creditors a whopping $45 million because of his high-end lifestyle. The Radar Online reports that Todd's creditors are now seeking for compensation by making him sell all his designer clothes in order to pay up all his current debts. The newest reality star got his debt from mortgages and unpaid taxes. But that not all as he even claimed to have $4.4 million debt to his wife, Julie.

Another issue that the actor is facing besides his millions of debt is the question in his sexuality. Many people have been if the actor will come out of his closet soon. Dozens of tweets from viewers asking if Todd was gay was seen after the premiere of the first episode but Todd just dismisses these gay rumours.

"This man is so gay. Who does he think he's fooling," tweets @CYMidtown.

"Wait I'm confused, does the family know he's gay? Is this going to be addressed," asked @JoeDontPay.

Although it was not too long ago that the millionaire was sued for sexually harassing three of his female employees last April of 2009. The plaintiffs did not pursue the case as there were no ramifications with Todd saying "You're only as sick as your secrets," according to an interview with Zap2it. There is more to be seen in the newest family reality series and fans are staying tuned.