Katie Price was declared bankrupt today after failing to pay back spiralling debts.
The 41-year-old was supposed to be paying off £12,000 a month to her creditors after taking out an individual voluntary arrangement (IVA) 12 months ago - but has failed to do so.
3
She was once worth an estimated £45 million.
Her fate was decided during a hearing at the Insolvency and Companies Court in London today.
The reality TV star, who was not present at the hearing and was not represented at court, was declared bankrupt at 12.25pm.
She had avoided going bust last December by agreeing a plan to pay back what she owed.
Katie was allowed to enter into the IVA, the deal to pay back some of her debts, when she agreed to pay the £12,000 a month over the course of four years.
However the terms of that plan had not been kept to - and she was today declared bankrupt following a hearing at the Rolls Building in London.
FACES LOSING 'MUCKY MANSION'
She now faces losing her £2 million “mucky mansion” in Dial Post, West Sussex and having her assets taken and sold to pay her debts.
Despite her money issues, Katie has continued to live the high life including enjoying a series of luxury holidays, a full body overhaul with surgery and renovations on her mansion.
Last week, Katie’s pink Range Rover was spotted on sale at a used car dealership in Essex with the sign “repo” - short for repossession - on the windscreen.
The thrice-married mum-of five split from most recent husband Kieran Hayler last year.
She is currently dating toyboy Kris Boyson, 30, a personal trainer who has supported her through her money woes.
RING OF THE JUNGLE
I'm A Celeb's Jacqueline allowed to phone Dan Osborne over affair claims
GET ME OUT
Jacqueline threatens to quit I'm A Celeb after Myles claims Dan DID cheat on her
CURSE STRIKES BACK
Strictly stars enjoy 'secret romps' as show rocked by 'surprise romance'
Dog days
I'm A Celeb's Caitlyn snubbed by family as she receives care package from her DOGS
ROAST MULE
I'm A Celeb's Caitlyn Jenner sneaks her roast dinner to hungry Ian Wright
BAD BLOOD
Dan Osborne slams Myles saying Jac would 'never go for him' amid 'affair' storm
SINGER MOURNED
X Factor hopeful who gave one of the most memorable auditions 'dies aged 38'
WRIGHT LOCK-UP
I'm A Celeb's Ian 'in tears' as most cherished mementos are flogged on eBay
EXPLOSIVE WINTER
Hollyoaks spoilers: Tony finally escapes Breda and Mercedes vows revenge
JOSS NOT ON
Gloomy Jac Jossa looks unimpressed by Dan's letter after Myles' 'cheat' claimPrice was the winner of the fifteenth series of Celebrity Big Brother and was runner-up in the search for the UK's entry for the Eurovision Song Contest in 2005.
Last month Price was hit with a two-year driving ban for refusing to tell cops who was behind the wheel when her pink Range Rover crashed last year.
She served two other driving bans earlier this year.
3
3
Entertainment - Latest - Google News
November 26, 2019 at 07:39PM
https://ift.tt/37Ok14S
Katie Price declared bankrupt before Christmas after failing to pay back spiralling debts - The Sun
Entertainment - Latest - Google News
https://ift.tt/2AM12Zq
Bagikan Berita Ini
0 Response to "Katie Price declared bankrupt before Christmas after failing to pay back spiralling debts - The Sun"
Post a Comment