Katie to pay Price of unpaid £3.2m debt
Trustees probe her lifestyle
KATIE Price is facing a probe into how she funds her lifestyle despite being £3.2million in debt.
Her bankruptcy trustees are drawing up a dossier of all her recent deals ahead of a court meeting next month. Sources claim she has apparently not been engaging fully in paying creditors despite reportedly earning hundreds of thousands in TV deals and brand tie-ups.
It is claimed she earned at least a six-figure sum from Channel 4 for renovation show Mucky Mansion.
The BBC paid her for a series of documentaries about son Harvey.
On Instagram, she regularly promotes beauty and bath products, as well as her KP Equestrian range.
The star, 43, also gets advertising income from her YouTube channel.
She has had trips to the Maldives, Portugal, Spain and Turkey recently.
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.” The former glamour model, once worth £45m, was declared bankrupt in 2019.
But a plan to pay off £12,000 a month to her creditors through an individual voluntary arrangement failed.
The next court hearing is on February 14 after being postponed at the end of last year. It will assess her efforts to pay
Get help, Katie back some of £3.2m owed to creditors of her company Jordan Trading Ltd, which was set up in April 2003 to oversee her perfume and make-up lines.
Liquidating company Moorfields wrote in a report last April that Katie, a mum of five, had “failed on multiple occasions to attend on the trustees” and had her “discharge [from bankruptcy] suspended”.
Katie denied she lived a lavish lifestyle and said
“90%” of her trips were for business.
One Maldives trip, from which she attended a Zoom bankruptcy hearing, was a “work assignment”, she said. News of the probe comes as the Mirror yesterday revealed her family are begging her to go to rehab. Katie could face jail if found to have breached a restraining order banning her from contacting ex-husband Kieran Hayler’s fiancee. Hayler is set to be quizzed by police over allegations he assaulted an underage girl in 2016, which he vehemently denies. He has not been arrested.
Katie was arrested on Friday at her luxury home in Horsham, West Sussex, in connection with the order.
And yesterday she avoided another potential jail sentence by paying
£7,358 of motoring fines in full.