Katie Price announces new career move with sister Sophie as her bankruptcy hearing draws near
‘If you want the truth, get involved’: Katie Price announces new career move with sister Sophie as her bankruptcy hearing approaches
Katie Price has announced a new career move as she prepares to co-host a new podcast with her younger sister Sophie.
The former glamor model, 44, is looking forward to her new venture as her bankruptcy hearing approaches.
The reality star, who was declared bankrupt in 2019, said fans could expect the “truth” from the new show set to debut in the coming weeks.
Katie wrote on Instagram: “So I’ve got some news… I’m teaming up with @crowdnetwork for my very first podcast launching this summer!
“If you want the gossip, the truth and a laugh, join me and my co-host (who is also my total opposite and the person who knows me best) @sophie_pricey.”
Venture: Katie Price has announced a new career move as she prepares to host a new podcast with her younger sister Sophie
Family: The former glamor model, 44, looks forward to her new venture as her bankruptcy hearing approaches (pictured with her sister Sophie)
Message: The reality star, who was declared bankrupt in 2019, said fans could expect the “truth” from the new show set to debut in the coming weeks
Fans of the star said they were looking forward to the show, with one writing: ‘Can’t wait great fun Sophie will keep you in check’.
Another wrote: ‘Can’t wait! I will be tuned’.
It comes after Katie evaded a court hearing for the fifth time to answer questions about her £3.2 million debt.
Katie was due to appear in person at bankruptcy court in London at noon on April 12 and would be asked to explain how she intends to pay off her creditors.
The hearing was still scheduled to go ahead only the week before. But court officials revealed that the case had been postponed at the last minute and a new date has now been set for July.
The glamor model – who has been on holiday twice in recent weeks, including a trip to Thailand in March – will be asked to reveal how much money she will make when she finally faces the music.
Katie was declared bankrupt in 2019. She pledged to repay £12,000 a month to the company’s creditors through an individual voluntary arrangement.
The bankruptcy meant that Katie, once reportedly worth £45 million, lost her £2 million 11-bedroom mansion.
Finances: It comes after Katie evaded a court hearing for the fifth time to answer questions about her £3.2m debt
Bankrupt: Katie was declared bankrupt in 2019. She pledged to pay back £12,000 a month to company creditors through an individual voluntary scheme
She took out a second mortgage on the property in 2015 but faced monthly payments of £12,300.
Katie received a repossession order for the property in November 2021.
Sources told The Sun at the time that she failed to repay a debt of more than £500,000 on the property.
After years of incomplete renovations, the house was nicknamed the “dirty mansion,” with Katie even revealing the extent of the mess on her reality series My Crazy Life.
At the time of the bankruptcy, Katie was said to be £100,000 in arrears on mortgage payments.
She is also said to have spent £120,000 on housekeepers, gardeners and nannies – and about £25,000 a year on plastic surgery.
The star also spent £1,500 a week on manicures and pedicures, £1,000 on hair appointments and £800 on massages every other day, the Daily Mirror reported.