British Model Katie Price has been declared bankrupt for a second time
The 45-year-old former glamour model Katie Price, who was previously declared bankrupt back in 2019, owes over £760,000 in an unpaid tax bill amid mounting legal issues.
In a short hearing at London’s Rolls Building, Insolvency and Companies Court Judge Sebastian Prentis addressed the £761,994.05 debt.
He revealed Katie Price is yet to respond to HMRC about the issue, and declared her bankrupt.
He said: ‘There has been no response from the debtor. The papers are in order. There is substantial debt due from Ms Price to HMRC and therefore I will make a bankruptcy order.’
On Monday, Katie was absent from the hearing, while a hearing last month saw barrister Darragh Connell – who is representing the trusties – tel the court that she had reached a voluntary agreement over the debts.
However, she failed to make the payments.
Connell told a judge that the agreement included 36 payments of £12,500, plus a lump sum.
The High Court ruled Katie will lose a chunk of her monthly earnings, with trustees going to court to ask for an income payment order, which means money from her earnings would be taken towards her debt.
Four companies – including OnlyFans and phot agency Backgrid – are now ‘obligated to deduct 40% of the income due to be paid to Ms Price’ every month for the next 36 months.
In August 2023, Katie had told Michelle Visage’s Rule Breakers podcast she was ‘fed up’ with legal threats and would rather go to jail and be ‘done with it all’.
The next month, a previous virtual bankruptcy hearing on Microsoft Teams took a chaotic turn when Katie accused people of taking screenshots and recordings.
She told Judge Paul Greenwood at the time: ‘There are people already on here who shouldn’t be on here. It’s an awful site that gives me anxiety.’
The reality star continued: ‘I’m scared to be on here because of these people on this site. They are awful about me. It’s a site where they just slag everyone off. I’m petrified.’
She added: ‘They are already saying I’m going to jail on there.’
The judge told those joining hearing that they it was contempt of court to record or screenshot proceedings, before concluding the hearing – which had been set to last 15 minutes – would be held in private, with the relevant parties and their lawyers being the only people able to stay.