KATIE DODGES BANKRUPTCY... AGAIN
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.
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.