Katie Price has been reportedly been requested to attend the High Court today after failing to “fully engage” with creditors over the repayment of her multi-million pound debts to them.
The former glamour model turned reality star is said to owe a total of £3.2 million and it’s being claimed she’s not repaying the debts the celebrity owes in the structured way she is supposed to be doing.
The Sun newspaper claims Katie will face a high court probe into how she is paying the money she owes back.
The debt was accrued by her company Jordan Trading Ltd, which was first set up in 2003. The company traded in her perfume and make-up lines.
Earlier this year, a source told The Mirror that trustees are “casting the net far and wide to assess how much money is coming into Katie’s coffers”.
They added that her bankruptcy trustees were drawing up a list of all her recent deals and transactions ahead of the hearing this month. 43 year old Katie Price was declared bankrupt in 2019.
She was ordered to pay £12,000 a month to her creditors after her debts came to light.
Since then, the former I’m A Celebrity… Get Me Out Of Here! campmate is believed to have earned £45,000 for her Mucky Mansion show, currently airing on Channel 4.
As well as this, the BBC paid her a sum of money for a series of documentaries on her son Harvey.
Katie is also thought to have been paid for the frequent promotions she does on her Instagram page.
The former wife of Peter Andre recently launched an Only Fans account in a bid to boost her bank balance.
She receives payment for advertisements on her YouTube channel, where she boasts 356,000 subscribers. Despite being in a large amount of debt, Katie has recently holidayed in Maldives, Portugal, Spain, Las Vegas and Turkey.
She has defended her trips abroad, and insisted that almost all of them were for business purposes.
Katie, also previously known as Jordan, recently addressed her controversial car crash. She opened up on her regrets over driving while under the influence of alcohol in September.
Katie Price and her companies have been the subject of many debt collection agency actions over the years. She is the latest of many celebrities that have ended up bankrupt due to over spending and under earning.
