Katie Price sent strict warning over double bankruptcy – as star reveals she’s flying off on FIFTH holiday of the year
Katie Price has been warned her bankruptcy trustee will be keeping a close eye on all her money-making schemes – just as she prepares to jet off abroad.
The 46-year-old former glamour model has been declared bankrupt twice and lost possession of her £2million ‘Mucky Mansion‘
Yet her money mess seems to have done nothing to curtail her luxury lifestyle – and making plenty of dosh from various ventures.
She’s just released her latest memoirs This Is Me, which have been serialised in a newspaper and that alone would net her tens of thousands.
Katie also has The Katie Price Show podcast, a clothing range with JYY, and she is about to embark on her fifth holiday of the year.
The OnlyFans star has already enjoyed a luxury ski trip, a city break to Dublin and a jaunt to Aiya Napa in Cyprus with her boyfriend JJ Slater.
She has also enjoyed a family holiday to the Isle Of Wight.
In her latest podcast with sister Sophie, The Katie Price Show, Katie revealed that she is now due to jet off with her eldest son Harvey, 22.
Keeping tight-lipped about the destination, Katie told Sophie: “Mr Harvey Price comes on Friday.
“He’s so excited. Every time I’m on the phone to him, he keeps showing me his plastic iPad waterproof case for the swimming pool.”
Katie went on to explain that Harvey – who has complex disabilities and lives in a residential home – will be sleeping in her bedroom when he visits her new, four-bed house in Sussex.
She said he will be in with her for three nights “until we go away”.
Katie added “He’s excited and keeps drawling an aeroplane. [We’re flying] with BA, darling. But they’re still not flatbeds, Harvey!”
Katie’s holiday will be of interest to her creditors and bankruptcy trustee, who can make a claim on her earnings and is acting in the interests of the creditors.
In 2019, she was first declared bankrupt with unpaid debts of £3.2M and again in March this year over an unpaid tax bill of £761,994.
Her bankruptcy isn’t due to be discharged until March 2025 and those who are owed money may feel that she is leading an extravagant lifestyle – and her earnings far outweigh the cost of living.
If she is netting hundreds of thousands, then a trustee can make a claim on it if it’s deemed excessive.
Elliot Green, of insolvency specialists Oliver Elliot, exclusively told The Sun: “It is the duty of the Trustee in Bankruptcy to realise the assets of a bankrupt.
“Assets acquired after commencement of bankruptcy can potentially also be realised when obtained before the ending of bankruptcy restrictions.”
Katie Price's missing millions
At the peak of her career Katie had an estimated fortune of £45m, thanks to her lucrative modelling career, book deals, and TV appearances.
The cash-strapped mum-of-five was first declared bankrupt in 2019 over unpaid debts of £3.2 million.
In a podcast interview earlier this year she blamed her exes who include Peter Andre, Alex Reid and Kieran Hayler and lawyers for her money woes.
She insisted that funding her exes’ lavish lifestyles with cars, watches, luxury holidays and homes left her finances in tatters.
She added: “I went through a breakdown, this is how mine started – lawyers and exes, that is my bankruptcy thing.
“And obviously a bit of HMRC.
“When I had my breakdown, if anyone has been depressed …. I don’t know if you’ve ever had depression…
“It starts with depression and you just want to sleep all day and not talk to anyone, the phone would ring and you wouldn’t answer it.’
Katie was declared bankrupt for a second time in March over an unpaid tax bill of £761,994.05.
The demand for payment was made by HMRC last October.
Katie was due to give evidence about her finances at the High Court but failed to turn up – holidaying in Cyprus with her new man JJ Slater instead.
Her Mucky Mansion was a bomb site for years after it was burgled, flooded and swamped by an overflowing septic tank.
She finally moved out at the end of May and is currently renting a four-bed mansion in Sussex.
In a podcast interview earlier this year, Katie blamed her exes – who include Peter Andre, Alex Reid and Kieran Hayler – and lawyers for her money woes.
She insisted that funding her exes’ lavish lifestyles with cars, watches, luxury holidays and homes left her finances in tatters.
She added: “I went through a breakdown, this is how mine started – lawyers and exes, that is my bankruptcy thing. And obviously a bit of HMRC.”
Katie was due to give evidence about her finances at the High Court but failed to turn up – holidaying in Cyprus with her new man JJ Slater instead.
Her ‘Mucky Mansion’ was a bomb site for years after it was burgled, flooded and swamped by an overflowing septic tank.
She finally moved out at the end of May and is currently renting a four-bed mansion in Sussex.