KATIE DODGES BANK­RUPTCY... AGAIN

Midweek Sport - - NEWS -

KATIE Price has staved off bank­ruptcy for an­other month – but could be made home­less at a court hear­ing in De­cem­ber.

The for­mer glam­our model ( left) – who was once worth an es­ti­mated £45mil­lion – nar­rowly avoided be­ing de­clared bank­rupt in Au­gust, when she was given 12 weeks to come up with the money she owes to cred­i­tors.

Her lawyers came back to Lon­don’s High Court yes­ter­day for a fresh hear­ing over how she will clear up a £22,000 debt with the tax­man. Es­ti­mates over the Loose

Women pan­el­list’s to­tal debts have ranged from £250,000 to £500,000.

The case was again put off, with her le­gal team say­ing she has a meeting planned with tax of­fi­cials for Novem­ber 16.

It is thought she will at­tempt to be en­ter into an in­di­vid­ual vol­un­tary ar­range­ment (IVA), a for­mal al­ter­na­tive for in­debted peo­ple hop­ing to avoid bank­ruptcy.

Katie, 40, fears she could be forced to sell her West Sus­sex man­sion if a trustee is brought in to sell off her pos­ses­sions.

De­lay

She is un­likely to be kicked out on the streets be­fore Christ­mas due to rules al­low­ing peo­ple liv­ing with chil­dren to ap­peal for a 12-month de­lay to los­ing their home to make other ar­range­ments.

In re­cent months there have been re­ports that Katie, a keen horse­woman, had been try­ing to sell off her pink horse­box and a num­ber of her an­i­mals.

Her £2mil­lion man­sion, which is a for­mer home of ex-Cab­i­net Of­fice min­is­ter Fran­cis Maude, boasts nine bed­rooms, a two-be­d­room an­nexe, 12 acres of land, a swim­ming pool, a ten­nis court and sta­bles.

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