Katie Price has taken a step toward financial recovery as one of her bankruptcy cases has been resolved. The Sussex-born celebrity, who was first declared bankrupt in 2019, had been scheduled to face questioning over her finances at a public examination hearing on Tuesday.
During the hearing, Insolvency and Companies Court Judge Sebastian Prentis lifted the suspension on her original bankruptcy, meaning it has now been discharged. However, Price’s financial troubles are not entirely behind her, as a second bankruptcy order, issued in 2023 over an unpaid tax bill exceeding £750,000, remains unresolved.
Katie Price’s Bankruptcy Update
Creditors still have the opportunity to apply for a resolution before a scheduled hearing in April. Price, a mother of five, did not attend the recent court session.
In February 2023, she was ordered to allocate 40% of her monthly earnings from her OnlyFans account toward repaying debts until 2027. The former glamour model was declared bankrupt for a second time in March 2023 and later met with creditors in September to disclose details of her financial status, including assets such as her pink Range Rover.
From Page Three to Financial Struggles
Katie Price first rose to fame as a Page Three model before transitioning into reality television. She gained widespread recognition after appearing on I’m a Celebrity…Get Me Out of Here!, where she met her first husband, Peter Andre. Over the years, she expanded her brand with a range of perfumes, books, and even a brief music career, competing to represent the UK in the Eurovision Song Contest.
Despite her financial difficulties, Price has remained in the public eye, advocating for stricter online abuse laws after her eldest son, Harvey, faced bullying on social media. She even took her campaign to Parliament, demonstrating her commitment to positive change beyond her personal financial challenges.
What’s Next for Katie Price?
With her first bankruptcy case now settled, Price’s financial future hinges on the resolution of her outstanding tax-related bankruptcy. The upcoming court hearing in April will determine whether creditors move forward with claims or if an agreement is reached. Until then, Price continues to work toward financial stability while managing her career and personal life.
Stay tuned for the latest updates on Katie Price’s bankruptcy case and financial recovery.
