Double bankrupt Katie Price reveals how she funds massive £5k a month rent ahead of new court date
KATIE Price has revealed how she is able to keep up her lavish lifestyle ahead of her new court date.
The former glamour model owes nearly £762,000 to HM Revenue & Customs (HMRC), which issued a bankruptcy petition against her last year.
The mum-of-five owes £142,405 and £196,735 for the tax years 2020-2021 and 2021-2022, plus £140,000 in VAT.
On top of this, she’s been charged late penalties and interest, and racked up debts of more than £3.2million.
Katie, 45, failed to appear in court in March where she was declared bankrupt for a second time by the judge.
She was due to give evidence about her finances at the High Court but she cancelled just 24 hours before.
She has since moved out of her Sussex Mucky Mansion after 10 years.
The Sun exclusively revealed that removal vans turned up at Katie’s estate after she was served an eviction notice following her second bankruptcy.
The mum-of-five is now renting a stunning new build home in Sussex worth over a million, which is costing her £5,000 in rent every month.
But many of her fans have wondered how she is able to afford such expensive rent in her circumstances.
Addressing those questions, Katie shared a snap of her sitting hand singing 3,000 copies of her book.
She wrote on the story: “People wondering how it is I am able to sustain a certain lifestyle despite having financial ups and downs…
“Let me tell you it’s all comes from hard work, never giving up and fighting through…
Katie Price's missing millions
The cash-strapped mum-of-five was first declared bankrupt in 2019 over unpaid debts of £3.2 million.
She 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 last month but failed to turn up – holidaying in Cyprus with her new man JJ Slater instead.
Mucky Mansion has been a bomb site for years after it was burgled, flooded and swamped by an overflowing septic tank.
Katie paid £1.35 million for the home back in October 2014 when she bought it from Tory peer Francis Maude.
A notice of eviction addressed to Katie, 45, has now reportedly been pinned to a fence outside her 8,000-square-foot, nine-bed pile.
“I’ve never been scared to graft and I’m not stopping now. Hard work will always pay off, tough times don’t last but tough people do!”
She turned to the camera as she wrote her signature across a huge stack of paper and said: “Three thousands copies pre signed copies of my book – the deadline was yesterday.”
Katie also recently hit back at claims that she was “on a jolly” with her boyfriend JJ Slater in Cyprus after missing her most recent bankruptcy hearing.
The pair had also been on a lavish ski holiday earlier this year too – raising fans’ eyebrows.
Katie, 45, said she had been legally signed off by a psychiatrist and a consultant doctor – and has been receiving outpatient treatment at The Priory.
The mum insisted she is taking her court proceedings “very seriously” and has been found mentally incapable of being cross-examined in front of the public and the media.
Speaking to her sister Sophie on the latest episode of their podcast, the emotional star said: “I was supposed to come away [on holiday] no one knew I was coming away other than professionals around me.
“The court knew that I wasn’t going to my bankruptcy because mentally I have been signed off from any kind of activity of the court. To be cross examined in front of the media and the public.
“I am taking my bankruptcy so serious, like I do everything else, it is a very serious situation that I am in.”
Addressing claims she had ignored her financial woes, the star continued: “It does look like ‘she’s just gone on holiday’.
“No. There were just four days in my diary that I was able to go away.”
Sophie interjected, saying: “How it looks … as if you don’t turn up to court hearings, you make excuses but you’ll f**k off on holiday. That’s how it looks.”
Katie replied: “The public are influenced, but you’ve got my words from me here when I say I’m not mentally able and stable to go into court at the moment. I am only doing what my body and brain can do at the moment.
“I am taking the bankruptcy seriously. It’s not like I’ve jetted off on a five star holiday, and also let me say something.
“It’s not my fault that my friend came to this hotel a week before me and told them [the hotel staff] I am coming and to look after me.
“So when I came here they upgraded me for nothing. This holiday was actually a very cheap holiday.
“There’s reasons I don’t want to be in my surroundings at the moment. I’m having a difficult time.
“I’m looking after myself, the way I feel, I look after myself better.
“So there is another court hearing and I won’t be going to that either. I want everyone to know.”
She ended on the matter, saying: “I needed a break from whats going on behind the scenes, my little head is quite fragile at the moment, so I can only do what I can do.”