KATIE Price has been given an 11th hour reprieve over her whopping £3.2million debt repayment as her court hearing is postponed.
Bankrupt Katie, 43, has dodged a grilling for a THIRD time, amid allegations she had not been “engaging fully” in paying creditors.
4
4
The exact nature of the hearing at London’s Royal Courts of Justice – which was due to take place at 10.30am today – is not yet known.
It has now been postponed to an unknown date.
The hearing had already been pushed back from February, when Katie agreed a new payment plan with creditors – as well as paying off a small amount of cash owed.
And that hearing had initially been delayed from November 2021.
Most read in The Sun
No reason was given by the court for the latest adjournment.
Despite her whopping debts, Katie 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.
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.
Most read in The Sun
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.
PRISON FEARS
In December, Katie was handed a 16-week prison sentence, suspended for a year, 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.
4
4
