Katie Price struggles to sell stained designer trainers for £120 ahead of bankruptcy hearing
KATIE Price has struggled to flog her stained designer trainers ahead of her bankruptcy hearing.
The former glamour model listed her worn pair of Jimmy Choo shoes on selling website Depop.
The 44-year-old originally advertised the size 37.5 designer trainers for £150.
However, the Celebrity Big Brother winner has been forced to slash £30 off as they’ve still not sold eight months later.
Pictures Katie posted of the trainers show them to be in a tired condition.
There’s visible discolouration and the stitching appears to be threading.
Katie states in the listing that she offers no returns or refunds.
However, Pricey’s online store is thriving with most of her other shoes and clothes selling out.
In October Katie avoided paying back a colossal £370k when her company Jordan Trading Ltd officially folded hundreds of thousands in debt.
In the final report before the firm was dissolved, joint liquidator Simon Thomas stated there was no chance of recouping all the debt, with the company owing £192,376 to the taxman and £25,745 to trade creditors.
Katie had also taken out £152,423 in director’s loans, which she failed to pay back, mounting up to a total of £370,544.
Thomas complained about her “non-compliance” and also gave an insight into just how much personal debt the 44-year-old is in after being declared bankrupt in November 2019.
We can reveal that the total amount now stands at £3.265 million with Jordan Trading Ltd being owed 4.73 per cent of that figure, which will never be regained.
Now a long legal battle is ahead for the creditors who are personally owed cash by Katie, whose £1.3 million “mucky mansion” is at risk.
Thomas said he wasn’t prepared to get into the tussle, as it could take years to sort and much of the money from any “mucky mansion” sale would be swallowed up in lawyers’ fees.
The report states: “We have been advised that the creditors in the bankruptcy estate now total approximately £3.265m. As such, the Company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors.
“Given that any realisation from the Director’s estate will likely be watered down by protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, the overdrawn director’s loan account is no longer economically viable to pursue.”
Trade creditors and HMRC received a pittance of what they were owed.
Among the Jordan Trading Ltd’s only assets were £9,458 from her Loose Women appearance fees, £25k from money owed when the clothing firm Jigsaw collapsed, and a paltry £3.74 tax refund.
We pay for your stories!
Do you have a story for The Sun Showbiz team?
Email digishowbiz@the-sun.co.uk or call us direct on 0207 782 4220 .
We pay for videos too. Click here to upload yours.