Katie Price teases ‘great things are coming’ after dodging bankruptcy hearing again
KATIE Price has teased that “great things are coming” after dodging her bankruptcy hearing AGAIN.
The former glamor model, 44, was due to appear in court at 12 noon on April 12.
However, court officials said the case had been adjourned at the last minute and a new date has now been set for July.
Earlier today, Katie shared a glamorous selfie that her pal Ryan Mira posted to his Instagram story.
The caption hinted at a bright future.
“Sunday get togethers and a roast dinner – big things are coming for the price @katieprice,” it said.
Glamor model Katie, who has been on vacation twice in the last few weeks, is being asked to reveal how much money she’s making by stripping naked online and selling her old clothes when she finally opens up about her monster debt of 3.2 million pounds represents .
She has avoided being grilled in person since November 2021. The hearing scheduled for this month had been postponed from February.
Katie was due to appear in person at the bankruptcy court in London and be asked to explain how she intends to pay off her creditors.
And she would have been asked to reveal details about her income – including her Depop page.
It came after we reported how she flogged stained designer shoes and used jeans on her account.
She has failed tens of thousands of pounds from the side and flogged 2,500 items to date – many of them top designer brands.
Much of the money is owed to lenders on mortgages secured against their so-called Mucky Mansion in Sussex.
Katie, who flew away for 14 luxury holidays last year, had agreed a payment plan with creditors.
But it has been claimed by liquidators chasing money through her numerous failed companies that she failed in the deal she struck.
Her insolvency practitioners will want details on how much she was being paid for her television work, including her Channel 4 show where she attempted to refurbish her £2million country home.
And one of her main sources of income is her £12-a-month OnlyFans page, where she posts lewd photos and videos.
It was confirmed last month that she had avoided paying most of a £234,000 tax bill after her failed company was officially axed.
Her Jordan Trading Ltd outfit was struck off the Companies House register and is now wound up.
The move came after the bankruptcy trustees gave up trying to get more money out of the star and ended their work with the doomed firm.
A notice on the company’s page in the government register said the company had been “dissolved after liquidation”.
Katie has claimed she doesn’t have the money to pay HMRC.
And this despite the fact that the former model is currently undergoing another plastic surgery.
A report to the company filed late last year revealed it will pay just over 8p for every pound it owes to the Inland Revenue.
Katie – who owes around £3million in total – received a £234,470 bill from HMRC for Jordan Trading Ltd – which was raking in cash from her doomed perfume and cosmetics empire
The insolvency practitioners said the Treasurer would get 8.19p in the pound and other commercial creditors who owed more than £33,000 would not get a penny.
The company went bankrupt in 2017.
Accountants who liquidated Jordan Trading said in a previous report they had all but given up trying to recover cash from her against a loan she took out from the company.
They said a £154,423 loan taken out of the firm’s coffers by director Katie was unlikely to be repaid to settle creditor claims on Jordan Trading totaling £267,769.
A liquidator of London firm Moorfields said only £3,127 plus £16.80 in bank interest had been paid and they said in a report submitted to Companies House: ‘I have corresponded with the director’s insolvency practitioner to ascertain whether there are any future dividends paid to the director’s creditors.
“The Director failed to attend the Trustee on a number of occasions and the Director’s dismissal was subsequently stayed for non-cooperation.
“We have been informed that creditors in the bankruptcy estate now total approximately £3.265m.
“As such, the company’s claim in bankruptcy is approximately 4.73% of all creditors.”
“Given that any realization from the director’s estate is likely to be diluted by lengthy legal issues faced by the trustee who must deal with the director’s default, it is likely that the director’s overdrawn loan account will no longer.” is to be pursued economically.”
Ex-glamor model Price, once worth £45million, was declared bankrupt in 2019.
She planned to pay creditors £12,000 a month through an individual voluntary arrangement.
However, it is alleged that she did not live up to the agreement.
In 2021, the star was hit with a lien on her ‘Mucky Mansion’ after she failed to pay a £500,000 debt.
She threatens to lose the house if she doesn’t come up with the money
But despite having made an offer to buy another home in Surrey for £1.5million, she owes a total of £3.2million and has filed several notices of the deeds of her ownership with the land registry.
This means the house cannot be sold without using the proceeds to pay off the outstanding debt.
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.