Katie Price agrees deal to avoid going bankrupt
MODEL Katie Price has avoided bankruptcy after reaching a deal with her creditors.
A specialist insolvency court in London was told yesterday that the former glamour model has agreed a plan to pay back what she owes.
She was given time to try to come to an agreement at an earlier hearing.
The 40-year-old, formerly known as Jordan, has tied the knot three times and has been in the headlines following the collapse of her most recent marriage to Kieran Hayler.
She has also recently revealed that her mother, Amy Price, has been diagnosed with idiopathic pulmonary fibrosis – the same disease that killed the TV presenter Keith Chegwin.
Price was arrested in October on suspicion of drink-driving after being found by police at 2am in a damaged car in Woolwich, south-east London.
The ex-loose Women panellist revealed in July she had reported herself to police for violating a driving ban, handed to her in February after she was caught speeding.
The former I’m A Celebrity ... Get Me Out Of Here! star was once said to be worth more than £40 million.
At a hearing in October, she was given time to negotiate a deal with the taxman.
Lawyers representing her creditors told the court her Individual Voluntary Agreement proposal was accepted on November 30.