Katie Price back in bankruptcy court to avoid paying £3.2m in debt.
BANKRUPT Katie Price is due to appear in court next month in a bid to pay off her £3.2 million (€3.70) million mountain of debt.
After being declared bankrupt in November 2019, the former glamor model would pay £12,000 – €13,867 a month to her creditors after entering into an Individual Voluntary Arrangement (IVA) – but after agreeing to pay it off.
Officials will now look next month at her attempts to repay her huge debts to creditors, two years after she went bankrupt.
She saw her once lucrative £45-(€52) million media empire crumble after the demise of her third marriage to Kieran Hayler and the collapse of her businesses.
The reality star, 43, managed to avoid bankruptcy in early August 2019, but was only given 12 weeks to avoid financial ruin. Her bankruptcy was then extended in November 2020, giving her additional time to recoup the money she owed.
Katie is now under pressure to pay off the £3.2 (€3.70) million debt after failing to attend the meetings and having to repay the losses. A source told The sun“Katie has to come back next month – the debt is huge and she is unlikely to be able to repay everything.
“She hopes the court understands why things are moving so slowly.”
Katie Price has quashed Covid controls at Heathrow Airport after returning from a holiday to Portugal. Katie, with her fiancé Carl Woods, flew out just as lockdown restrictions were eased earlier this month.
The couple flew to Faro after Portugal was put on the government’s green travel list, meaning travelers won’t have to quarantine when they return.
However, anyone arriving in the UK from a green-listed country is expected to show a negative test and take a PCR test two days after returning.
The Euro Weekly News is campaigning to help Britons in Spain reunite with their family and friends by cutting the cost of PCR testing for travel. Help us urge the government to limit costs to http://www.euroweeklynews.com/2021/04/16/ewn-champions-the-rights-of-british-in-spain-to-see-loved-ones-again/