Katie Price is reportedly set to attend High Court on Monday 14 February after failing to "fully engage" with creditors to repay her debt of £3.2million. According to The Sun, the 43 year old, who recently halted her OnlyFans account after just one month, will face a probe into how she's paying the debt that was accrued by her company Jordan Trading Ltd, which was first set up in 2003 and oversaw her perfume and make-up lines. Earlier this year, a source told The Mirror that trustees are "casting the net far and wide to assess how much money is coming into Katie’s coffers".They added that her bankruptcy trustees were drawing up a dossier of all her recent deals ahead of the hearing this month.
Katie Price 'faces new probe into her finances' over her £3.2million debt
25.01.2022 - 12:28 / ok.co.uk
Former glamour model Katie Price is allegedly having her finances looked into due to being in £3.2 million worth of debt, leading to questions as to how she funds her lavish lifestyle. The mum-of-five is facing claims that she hasn’t been paying her creditors, despite reportedly earning hundreds of thousands in TV deals and brand collaborations. With this in mind, Katie’s bankruptcy trustees are apparently drawing up documents of all her recent deals with the intention of meeting with the 43 year old next month to discuss the matter.
Katie, who was once worth £45 million, was declared bankrupt in 2019. She was then ordered to pay £12,000 a month to her creditors. Since then, the former I’m A Celebrity...
Get Me Out Of Here! campmate is believed to have earned a six-figure sum from Channel 4 for her new renovation show, Mucky Mansion, The Mirror reports. As well as this, the BBC paid her a sum of money for its documentaries on her son Harvey, and she is thought to be paid for the frequent promotions she does on her Instagram page. She also receives payment for advertisements on her YouTube channel, where she boasts 356,000 subscribers.
Despite being in a large amount of debt, Katie’s has recently holidayed in Maldives, Portugal, Spain, Las Vegas and Turkey. She has defended her trips abroad, and insisted that almost all of them were for business purposes. Discussing the pending probe, a source said of the trustees: “They are casting the net far and wide to assess how much money is coming into Katie’s coffers.” OK! has approached Katie’s reps for comment.
Get exclusive celebrity stories and fabulous photoshoots straight to your inbox with OK!'s daily newsletter. You can sign up at the top of the page. Katie’s next court
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