Katie Price insists she’s not broke ahead of bankruptcy hearing – boasting she’s got loads of cash despite £3.2m debts
KATIE PRICE has admitted she is not broke ahead of her bankruptcy case, boasting that she has “loads of cash” despite her £3.2m debts.
The reality TV star still owes staggering amount of money that she hasn’t paid back since she went bankrupt in 2019.
Katie had debts of around £2.1 million in 2022.
The courts have since refused to discharge her due to a failure to attend meetings and address paying back the monster losses which have now increased.
But now she’s insisted she’s “not broke” as she responded to a fan on social media who asked her if she has “run out of money”.
One fan asked: “Have you run out of money?”
Katie clapped back: “Have I run out of money? Totally not, I am making the bucks baby, make it rain. I’m a workaholic, I’m a mother of five and I work. I don’t take money from any man, I support them.”
Accounts working on Jordan Trading Ltd – which took in cash from her failed perfume and cosmetics empire – laid bare the true extent of her debts.
They say a £154,423 loan taken from the firm’s coffers by director Katie is unlikely to be paid back help clear claims by creditors to Jordan Trading totalling £267,769.
A liquidator for London firm Moorfields said just £3,127 had been paid plus £16.80 in bank interest and they said in a report filed to Companies House: “I have been in correspondence with the Director’s Trustee in Bankruptcy to establish whether there maybe any future dividends pad to the Director’s creditors.
“The Director has failed on multiple occasions to attend on the Trustee and the Director has subsequently had their discharge suspended due to non-cooperation.
“We have been advised that creditors in the bankruptcy estate now total approximately £3.265milion.
“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 with protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, it is likely the overdrawn director’s loan account may no longer be economically viable to pursue.”
And they have revealed that they’ve submitted a report to the Government’s Department for Business and Energy and Industrial Strategy on her conduct as a director.
The firm revealed their total bill for handling the collapse of the firm will be around £42,000 and so far, they’ve been paid £25,000.
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.