General

Katie Price has been declared bankrupt at a High Court

BBC: Katie Price has been declared bankrupt in a hearing at the High Court, which was told she had failed to stick to a plan to repay her debts.

The former model and reality TV star was not present at the London hearing.

Last year, Price, 41, came to an arrangement with her creditors for a repayment plan known as an Individual Voluntary Arrangement (IVA).

But the insolvency practitioner overseeing her IVA said she had failed to keep to the terms of the agreement.

Now that she’s been made bankrupt, the Official Receiver will take control of her financial affairs and property.

Price, who lives in West Sussex, found fame in the 1990s as a glamour model under the name Jordan and was once said to be worth more than £40m.

She is now seen on the reality show My Crazy Life on the Quest Red channel and has a clothing range named after her daughters Princess and Bunny.

Last month, she was one of three celebrities who had Instagram posts advertising diet products banned by the Advertising Standards Authority.

Source: Published by BBC

Related posts

Subscribe
Notify of
guest
22 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Abimbola omolara
Abimbola omolara
4 months ago

Join Date
Jul 2005
Posts
14,534

Without wanting to sound chippy, it genuinely baffles me how someone once worth £40M (the article says) can become bankrupt, unless I suppose they just never bothered to pay any tax on their income and spent most of it or gave much of it away to their friends and relatives.

I mean surely all she had to do was buy shedloads of properties.

Jonah Uchechukwu
Jonah Uchechukwu
4 months ago

I find it hard to understand falls like this, £40m is a lot of money anywhere in the world

Sunday Bose
Sunday Bose
3 months ago

This is real backwardness. Where will you start from

Uche chinedu
Uche chinedu
3 months ago

£40million is too much

Uche chinedu
Uche chinedu
3 months ago

This is pure backwardness where will she start from

Juliet Success
Juliet Success
3 months ago

Where will she start from ?

Ogunleye Oladele Samuel
Ogunleye Oladele Samuel
3 months ago

This is called setback

Aderibigbe Latifat Adeyinka
Aderibigbe Latifat Adeyinka
3 months ago

Something is wrong somewhere.

Ogunleye Gideon Ayomide
Ogunleye Gideon Ayomide
2 months ago

Serious matter

Catherine Ochigbo
Catherine Ochigbo
2 months ago

This is just to much for her

Onyeke chioma lynda
Onyeke chioma lynda
2 months ago

Serious issue

Christopher Ege
Christopher Ege
1 month ago

E40million is too big