Relief for Katie Price after one of her bankruptcies thrown out – but star still owes taxman £750k

Relief for Katie Price after one of her bankruptcies thrown out – but star still owes taxman £750k
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Relief for Katie Price after one of her bankruptcies thrown out – but star still owes taxman £750k
Author: Amir Razavi
Published: Feb, 11 2025 11:37

KATIE Price today had one of her bankruptcies thrown out - but still owes the taxman £750,000. The ex-glamour model, 46, was twice declared bankrupt - including in 2019 over unpaid debts. At a hearing at a specialist bankruptcy court in London today, the first claim was discharged. Bankruptcy orders typically end after a year in England and Wales but in Katie's case, it was suspended. This was today lifted by Insolvency and Companies Court Judge Sebastian Prentis.

 [Katie Price at a Geordie Shore launch party.]
Image Credit: The Sun [Katie Price at a Geordie Shore launch party.]

Barrister Darragh Connell, representing the trustee of Price's bankruptcies, said: "The public examination of the first bankruptcy can be formally concluded in open court.". Katie is still battling a £760,000 unpaid tax bill after being declared bankrupt for a second time last March. She will be grilled in court over that bankruptcy on April 8. The saga has dragged on for a year after she was served an eviction notice ordering her to leave her £2million Mucky Mansion.

 [Katie Price at the Elton John AIDS Foundation Oscar party.]
Image Credit: The Sun [Katie Price at the Elton John AIDS Foundation Oscar party.]

Katie has now moved into a new four-bed home in Sussex after bailiffs swooped on the property last May. Under the terms of the first bankruptcy order, Katie was ordered to pay 40 per cent of her monthly OnlyFans income to wipe her debts. After she was declared bankrupt for a second time last March, she was told she must continue to pay money from OnlyFans to the trustee. Katie was previously due to attend a public examination in August but this was adjourned so it could be held in private instead.

 [Portrait of Katie Price at a party.]
Image Credit: The Sun [Portrait of Katie Price at a party.]

This provided "sufficient provision of information" to avoid the need for a public hearing concerning the first bankruptcy, the court heard. Mr Connell said: "As to the second bankruptcy, the trustee's position is that pursuant to information provided by Ms Price, the trustee has been undertaking inquiries with third parties. "The outcome of those inquiries is not yet known.". He continued: "It may well transpire to be the case that an application is made to suspend discharge for a limited period, but that is not before the court today.".

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