Bankrupt Katie Price is reportedly fighting again to save her famous Mucky Mansion in an upcoming lawsuit.
It is rumored that she will appear in court next month to answer questions about her finances, in the wake of her prolonged financial woes that began in November 2019 when she filed for bankruptcy with debts of £3.5 million.
The Sun report has called on court officials for the star, 45, to attend a hearing in London on September 14 to discuss the house Katie bought nine years ago.
It was reported earlier this month that the former glamor model, who spent two years renovating her 19-room Mucky Mansion and even documented the process for a Channel 4 show, has moved out of the house.
Last month, Katie hit back at trolls who questioned her about her bankruptcy, saying she still “owns” her £2.5 million home, stating: “Never hit anyone who’s bankrupt, we can all go there, but it doesn’t mean it’s all bad.’
Shock: Bankrupt Katie Price Reportedly Fighting Again to Save Her Famous Mucky Mansion in Upcoming Lawsuit
The house: It is rumored that she will appear in court next month to answer questions about her finances, in the wake of her lengthy financial woes that began in November 2019 when she filed for bankruptcy with debts of £3.5 million
Another… Katie appeared in court last year with her fiancé Carl Woods for violating a restraining order issued by her ex Kieran Hayler
In 2021, the star was again served with a repossession order from the Mucky Mansion after failing to pay a £500,000 debt.
In April, Katie evaded a court hearing for the fifth time, in which she had to answer questions about her most recent string of debts – this time £3.2 million.
Katie was expected to appear in person at bankruptcy court in London and be asked to explain how she intends to pay off her creditors.
The glamor model – who has been on holiday twice in recent months, including a trip to Thailand in March – will be asked to reveal how much money she will make when she finally faces the music.
She has been avoiding being grilled in person since November 2021 and today’s scheduled hearing was rescheduled from February.
Katie was allegedly asked to disclose details of her income – including her Depop page.
She has racked up tens of thousands of pounds from the fashion marketplace page and has so far lashed 2,500 items, many of them from top designer brands.
Much of the money is owed to lenders for mortgages secured by her so-called Mucky Mansion in Sussex. Katie had agreed a payment plan with creditors.
Her bankruptcy trustees will want to know details of how much she has been paid for her TV work, including her Channel 4 show in which she attempted to renovate her £2million mansion.
Shocking: It was reported earlier this month that the former glamor model, who spent two years renovating her 19-room Mucky Mansion and even documented the process for a Channel 4 show, has moved out of the house
Ahem: One of her main sources of income is her £12 a month OnlyFans page where she posts raunchy photos and videos
One of her main sources of income is her £12 a month OnlyFans page where she posts raunchy photos and videos.
Her Jordan Trading Ltd outfit has been struck from the Companies House register and is now dissolved.
The move was made after liquidators gave up trying to extract any more money from the star and ended their work at the doomed company.
A post on the outfit’s government registry page said the company was “dissolved following liquidation.”
Katie has insisted she doesn’t have the money to pay for HMRC. That’s despite the fact that the former model has just had another bout of plastic surgery.
A report filed with the company late last year revealed that she will pay just over 8p for every pound she owes the taxpayer.
Katie – who owes around £3 million in total – received a £234,470 bill from HMRC for Jordan Trading Ltd – which took money from her doomed perfume and cosmetics empire.
Liquidators said the taxpayer will get 8.19 pence in the pound and other trade creditors owed more than £33,000 won’t get a penny. The company went bankrupt in 2017.
Accountants who liquidated Jordan Trading said in an earlier report that they had almost given up trying to recover money from her against a loan she took out from the company.
They said a loan of £154,423 taken from the company’s coffers by director Katie was unlikely to be repaid to help settle claims from creditors against Jordan Trading totaling £267,769.
Shocker: Katie – who owes around £3 million in total – received a £234,470 bill from HMRC for Jordan Trading Ltd – which took money from her doomed perfume and cosmetics empire
Hard work: Katie, once worth £45 million, was declared bankrupt in 2019. She intended to pay £12,000 a month to creditors through an individual voluntary arrangement
A liquidator for the London firm of Moorfields said only £3,127 had been paid plus £16.80 in bank interest and they said in a report filed with Companies House: ‘I have been in correspondence with the Director’s Trustee in Bankruptcy to ascertain whether there might be future dividends. paid to the director’s creditors.
“The director has failed to attend the trustee on several occasions and the director’s resignation has subsequently been suspended for non-cooperation.
“We have been informed that the creditors in the bankruptcy estate now total approximately £3.265 million.
‘The claim of the company in the bankruptcy thus amounts to approximately 4.73% of the total of creditors.
“Since any realization of the director’s estate is likely to be diluted by long-standing legal issues facing the trustee in dealing with the director’s non-compliance, it is likely that the director’s overdraft account will no longer be economically viable. is.’
Katie, once worth £45 million, was declared bankrupt in 2019. She intended to pay £12,000 a month to creditors through an individual voluntary arrangement.