Katie Price is appearing in court remotely today (July 7) over her £3.2 million debt repayment after the hearing was postponed again. Once estimated to be worth a whopping £45 million, the OnlyFans star was declared bankrupt in 2019 but the firm owed the cash have claimed she is not paying the £12,000 per month, despite previously agreeing to do so.
Mum-of-five Katie, who is best known for her modelling career and appearances on Loose Women and I'm A Celebrity... Get Me Out of Here!, is expected to virtually attend a hearing at the Royal Courts of Justice in London today. Originally, the hearing was set for June 2022, before being moved to February 2023, then April 2023, and then, finally, today.
Previously, Katie has been open about her money woes, claiming her bankruptcy is related to two people in her past and that her West Sussex home, dubbed the "Mucky Mansion", is safe, The Mirror reports. Through an individual voluntary arrangement, Katie was supposed to pay the £12,000 per month to creditors.
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A significant portion of the £3.265 million former Page 3 girl Katie, 45, owes is owed for mortgages secured against her home. It was previously said that the court would be questioning Katie on where she earns all her money and how she plans to pay her debts back.
A source previously told The Mirror: "The court will wish to know where every penny comes from, whether that’s from selling her old clothes on Depop or stripping out of her clothes on OnlyFans. Only then can the court make up its mind about her ability to pay."
Ahead of today's hearing, Katie has been flogging her belongings online, from memorabilia to horse gear. Last month, the star put the wedding dress she wore to marry Peter Andre up for sale, too.
Katie used her podcast "The Katie Price Show" to attempt to flog her bridal gown to listeners before confessing the gown had "rat droppings on it". Speaking on her podcast, The Katie Price Show, she revealed: "Guess where half of that wedding dress is now?
"I found it in my container yesterday, just sitting there – just the skirt – thinking, 'That cost me £45,000 that dress' and now it's ended up screwed up, in a bag on top of my container and the corset bit, in a bag but it's got all rat droppings on it.
"But, guess what? Ladies and gentleman if you know anyone who likes my taste in weddings..." Her sister Sophie interrupted: "Oh no can we please not pawn the wedding dress?!"
However Katie was adamant the dress was for sale as she replied: "I am. Why do I want that wedding dress? "It's in a container, someone will want it!"
The former glamour model recently slammed a critic's comments about her bankruptcy in a TikTok live video, where she had been tasked with promoting the JYY London clothing brand, which she regularly collaborates with. After a troll brought up her bankruptcy, she hit back with: "I'm bankrupt, yes, but I still own my 2.5 million 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. 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."
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