BANKRUPT Katie Price faces court again today over her whopping £3.2million debt repayment.
The model’s real name – Katrina Amy Alexandra Alexis Price – appears on the listing for the Royal Courts of Justice in London this morning.
Katie Price faces court yet again over her £3.2million debtCredit: Alamy
The model has turned to OnlyFans in a bid to pay off her creditorsCredit: instagram
However, it’s not known if she’ll attend the hearing at 10.30am in person.
Back in February of this year, the court heard Katie, 43, has allegedly not been “engaging fully” in paying creditors.
Despite her whopping debts, she has seemingly enjoyed a luxury lifestyle with frequent exotic holidays, including a visit to Las Vegas with boyfriend Carl Woods.
Her bankruptcy trustees wanted 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.
Lawyers also reviewed her attempts to pay debts accrued by her now-defunct cosmetics company Jordan Trading Ltd.
The nature of the hearing this morning is not yet known.
Ex-glamour model Price, once worth £45m, was declared bankrupt in 2019.
She planned to pay £12,000 a month to creditors through an individual voluntary arrangement. However, it’s alleged she’s failed to keep to the agreement.
Last year, 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 – but is unable to sell it without paying off a string of debts, compounding her financial woes.
Despite making an offer to buy another home in Surrey for £1.5m, she owes a total of £3.2m and has several notices on the deeds of her property in Sussex lodged at the Land Registry.
Mum-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.
The model is desperately trying to raise money to pay off her bills.
She has launched an OnlyFans account in a bid to make £1m this year, although has been forced to slash membership costs in a bid to recruit subscribers.
KATIE’S COURT WOE
She’s dropped her usual £11-a-month fee by a third after fans moaned about her tame content.
Katie also now flogs her own clothes, shoes, accessories via the online fashion marketplace Depop to make cash.
Fans snap up her kids’ clothes for as little as £3 an item. Katie even sold her old sofa for £1,500 on the website.
But in March she had some brighter news after swerving a £176,000 tax bill from her insolvent cosmetics company.
The firm was put into voluntary liquidation five years ago.
Today’s hearing marks another tough day for Katie.
She was handed a 16-week prison sentence, suspended for a year, in December after flipping her BMW X5 in a drink and coke-fuelled crash.
The former Loose Women star had been on an all-night bender before she got behind the wheel last September.
She was spared a prison sentence after going to rehab at The Priory.
But last month she was warned again that she could face jail after admitting calling ex Kieran Hayler’s new fiancée a “gutter sl*g”.
The “vile and nasty” message aimed at Michelle Penticost breached her restraining order.
Katie faces a maximum sentence of five years in jail when she returns for sentencing on June 24.
It comes less than a fortnight after she was warned she faces jail for branding her ex’s new fiancé a ‘gutter sl*g’Credit: w8media
Katie was once worth an astonishing £45millionCredit: Instagram
She was declared bankrupt in 2019Credit: katieprice/Instagram