Katie Price hits back at trolls over her bankruptcy

‘I still own my £2.5million house’: Katie Price hits back at trolls who question her bankruptcy confirming ‘it’s not all bad’ after dodging fifth court hearing over £3.2 million debt repayment

Katie Price has hit back at trolls who questioned her over her bankruptcy, saying she still ‘owns her £2.5million house.’ 

The former glamour model, 45, confirmed ‘it’s not all bad’ after she dodged her fifth court hearing over a £3.2 million debt repayment. 

Speaking on TikTok Live on Tuesday, Katie answered questions from her followers, urging internet bullies ‘not to knock anyone.’ 

In the video, she explained: ‘I’m bankrupt, yes, but I still own my 2.5million pound house and I’m sat here in the kitchen doing my TikTok to you. 

‘Never knock someone who is bankrupt, we all can go there but it doesn’t mean that it is all bad.’

Speaking out: Katie Price, 45, has hit back at trolls who questioned her over her bankruptcy, saying she still ‘owns her £2.5million house’

Katie continued: ‘Yeah, my company went bankrupt and you deal with it don’t you. So, don’t ever knock anyone because it could happen to you.’

In April, the model dodged a court hearing for a fifth time, in which she was set answer questions over her £3.2million debts. 

Katie had been expected to appear in person at the bankruptcy court in London and was going to be asked to explain how she plans to pay off her creditors. 

But court officials revealed the case had been adjourned at the last minute and a new date has now been arranged for July.

The glamour model – who has been on two holidays in the last few months including a trip to Thailand in March – will be asked to lay bare just how much cash she makes when she finally faces the music.

She has avoided being grilled in person since November 2021 and today’s planned hearing had been moved from February.

Katie would have been requested to reveal details of her income – including her Depop page.

She has raked in tens of thousands of pounds from the fashion marketplace page and has so far flogged 2,500 items, many being top designer brands.

Owner: The former glamour model confirmed ‘it’s not all bad’ after she dodged her fifth court hearing over a £3.2 million debt repayment (Her house pictured on Channel 4 last year)

Speaking on TikTok Live on Wednesday, Katie answered questions from her followers, urging internet bullies ‘not to knock anyone’

Clearing it up: In the video, she explained: ‘I’m bankrupt, yes, but I still own my 2.5million pound house and I’m sat here in the kitchen doing my TikTok to you’

Much of the cash is owed to lenders for mortgages secured against her so-called Mucky Mansion in Sussex. Katie had agreed to a payment plan with creditors.  

Her bankruptcy trustees will want to find out details of how much she has been paid for her TV work, including her Channel 4 show where she attempted to renovate her £2m country mansion.

One of her main sources of income is her £12-a-month OnlyFans page where she posts raunchy photos and videos.

Her Jordan Trading Ltd outfit was struck from the register at Companies House and has now been dissolved.

The move was made after liquidators gave up trying to prise any more money from the star and ended their work with the doomed firm.

A notice on the outfit’s page on the government register said the company had been ‘dissolved following liquidation’.

Katie has maintained she doesn’t have the cash to pay HMRC.

That’s despite the former model just undergoing another bout of plastic surgery.

A report into the company filed late last year revealed how she’ll pay just over 8p for every pound she owes the taxman.

Katie – who in total owes around £3million – received a bill for £234,470 from HMRC for Jordan Trading Ltd – that took in cash from her doomed perfume and cosmetics empire.

Liquidators said the taxman will get 8.19p in the pound and other trade creditors owed more than £33,000 won’t get a penny. The firm went belly up in 2017.

Accountants liquidating Jordan Trading said in a previous report they had all but given up clawing back any cash from her against a loan she took out from the firm.

They said a £154,423 loan taken from the firm’s coffers by director Katie was unlikely to be paid back to help clear claims by creditors to Jordan Trading totalling £267,769.

A liquidator for London firm Moorfields said just £3,127 had been paid plus £16.80 in bank interest and they said in a report filed to Companies House: ‘I have been in correspondence with the Director’s Trustee in Bankruptcy to establish whether there maybe any future dividends paid to the Director’s creditors.

‘The Director has failed on multiple occasions to attend on the Trustee and the Director has subsequently had their discharge suspended due to non-cooperation.

‘We have been advised that creditors in the bankruptcy estate now total approximately £3.265milion.

‘As such, the company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors.

‘Given that any realisation from the Director’s estate will likely be watered down with protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, it is likely the overdrawn director’s loan account may no longer be economically viable to pursue.’

Ex-glamour model Price, once worth £45million, was declared bankrupt in 2019.

She planned to pay £12,000 a month to creditors through an individual voluntary arrangement.

In 2021, the star was hit with a repossession order on her ‘Mucky Mansion’ after failing to pay a £500,000 debt.

She faces losing the house if she does not stump up the cash.

Home: Much of the cash is owed to lenders for mortgages secured against her so-called Mucky Mansion in Sussex. Katie had agreed to a payment plan with creditors

But despite making an offer to buy another home in Surrey for £1.5million, she owes a total of £3.2million and has several notices on the deeds of her property lodged at the Land Registry.

That means the house cannot be sold without the proceeds being used to clear the outstanding debts.

Mother-of-five Katie saw her once-lucrative media empire fall apart after the end of her third marriage to Kieran Hayler and the collapse of her businesses.

MailOnline has contacted Katie Price’s representatives for comment.  

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