Katie Price given bankruptcy reprieve for third time as ‘case is moved to 2023’

Katie Price has reportedly dodged bankruptcy proceedings for a third time, as her case has apparently been delayed until February 2023.

The former glamour model was due to face a judge over her £3.2million bankruptcy debts at the London Royal Courts of Justice on June 7, but this has now been pushed back into next year. The mother-of-five was expected to have a difficult time in court after it was claimed that the liquidators handling paying creditors said she has not been “engaging fully” with the process, writes the Mirror.

The Sun has claimed that Katie’s hearing has been listed again for February 9, 2023. A source told the publication: “The delay will give the courts the chance to see how fully she is now working with the people she owes money to and provide a clearer picture of where she stands in repaying her debts.”

Animal rights group PETA also believe Katie should be stopped from owning any further pets
Animal rights group PETA also believe Katie should be stopped from owning any further pets

Katie had agreed a payment plan with creditors in February, as well as paying some of the cash that is owed to lenders for mortgages she had secured against her Sussex home, which was dubbed Mucky Mansion. This hearing had originally been delayed from November 2021.

Details of payments received for TV work, which included a Channel 4 documentary that followed her attempts to renovate the £2million mansion. Lawyers also want to review what attempts have been made to pay debts that Katie’s now-defunct cosmetics company Jordan Trading Ltd owed.

Katie was declared bankrupt in 2019 after she had spent years amassing a £45million fortune. She had agreed to pay £12,000 a month to her creditors through an individual voluntary arrangement but it has been alleged that Katie has failed to keep this agreement.

A repossession order has been made on her Mucky Mansion last year, after she allegedly failed to pay a debt of £500,000, which could see her lose that property. The mum-of-five has been exploring revenue avenues after the collapse of her businesses.

Katie launched an OnlyFans account with the aim of pocketing £1million in her first year on the online adult platform but she has had to reduce the monthly subscription fee a few times in the hope of attracting enough punters to her page.

The model has also used selling site Depop where she has been trying to move on old clothes from her wardrobe.

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