Katie Price faces court today over £3.2million debt after declaring bankruptcy

Katie Price faces court today over £3.2million debt after declaring bankruptcy

Katie Price faces court today over £3.2million debt after declaring bankruptcy

Katie Price: The rise and fall of glamour model

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  • Katie’s debts have risen to a stunning £3.2 million in recent years.
  • Former glamour model filed for bankruptcy in December 2019.
  • She agreed to pay £12,000 a month to creditors to get out of debt.
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Katie Price will appear in court today to repay a record £3.2 million debt.

On Tuesday, June 7, the former glamour model, 44, whose actual name is Katrina Amy Alexandra Alexis Price, appears on the Royal Courts of Justice in London’s listing.

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The mother-of-appearance five’s in court is scheduled for 10.30 a.m., however it is unclear if she will appear in person or through video link.

According to The Sun, the nature of today’s hearing is unknown.

Katie’s February court appearance revealed that the former beauty model had allegedly not been ‘fully engaged’ in repaying her creditors following her bankruptcy.

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Katie’s debts have risen to a stunning £3.2 million in recent years.

Katie, who used to go by the name Jordan, filed for bankruptcy in December 2019 a year after agreeing to pay £12,000 a month to creditors to get out of debt.

She agreed to set up an individual voluntary arrangement, or IVA, in order to regain control of her finances and avoid bankruptcy, but after failing to make her monthly payments after a year, it became evident that the plan had failed.

Despite being bankrupt, the actress, who was once worth over £45 million, has been enjoying costly vacations and cosmetic surgery in recent months.

Katie and her boyfriend Carl Woods took a lavish vacation to Thailand earlier this year.

It happened just weeks after Katie underwent a series of cosmetic surgeries, including her 14th boob job, which cost her thousands of pounds.

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Katie has sought to rake in the dough this year despite her bankruptcy by staging another comeback with her TV show Katie Price’s Mucky Mansion.

In addition, at the start of the year, she created an OnlyFans page in the hopes of making even more money.

Katie had hoped that her OnlyFans profession would put an end to her financial woes, but she hasn’t been so lucky, as she continues to lower rates in order to sell more obscene photographs.

Pal and fellow OnlyFans content creator Kerry Katona was one famous face to publicly congratulate the mum-of-five on the move – claiming she was the “one who encouraged her to do it”.

At the time that Katie price set up her X-rated account, and insider claimed that her only regret is ‘not doing it [OnlyFans] years ago’ and confessed that the former Page 3 icon was keen to make just as much as her pal Kerry does on the site.

“Kerry [Katona] has been really supportive,” the source told The Sun.

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“She made £1m in her first year on OnlyFans. And Katie hopes to make at least as much as that too.

Katie now currently owes an eye-watering £3.2 million to her creditors, after being declared bankrupt in December 2019.

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