Bankrupt Katie Price is reportedly once again struggling to save her famous Mucky Mansion from an upcoming court case.
It has been claimed that she will appear in court next month to answer questions about her finances after she began struggling financially in November 2019 when she filed for bankruptcy with £3.5million in debt.
According to the Sun report, court officials have invited the 45-year-old star to a hearing in London on September 14 to speak about the house Katie bought nine years ago.
Earlier this month it was reported 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 countered trolls questioning her about her bankruptcy by saying she still owns “her £2.5million home” and declaring: “Never hit someone who’s bankrupt, we all can going there, but that doesn’t mean it’s all bad.’
Shock: Bankrupt Katie Price is reportedly once again struggling to save her famous Mucky Mansion from an upcoming court date
The House: It has been claimed that she will appear in court next month to answer questions about her finances after struggling with financial problems in November 2019 that began in November 2019 when she was faced with debt of filed for £3.5million bankruptcy
One more thing… Katie appeared in court last year alongside her fiancé, Carl Woods, for breaching a restraining order from her ex, Kieran Hayler
In 2021, the star was again faced with a foreclosure order for the Mucky Mansion after failing to pay a £500,000 debt.
In April, Katie avoided a court hearing for the fifth time, where she had to answer questions about her recent debt – this time £3.2million.
Katie was expected to appear in person before bankruptcy court in London and be asked to explain how she intends to settle her creditors.
The glamor model, who has been on vacation twice in recent months, including a trip to Thailand in March, is being asked to reveal how much money she’ll make once she finally gets into the music.
She has avoided being interviewed in person since November 2021 and the hearing scheduled for today has been postponed to February.
Katie would have been asked to reveal details of her income – including her Depop page.
She has raised tens of thousands of pounds on the fashion marketplace’s site and has sold 2,500 items to date, many from top designer brands.
Much of the money is owed to lenders on mortgages secured on their so-called Mucky Mansion in Sussex. Katie had agreed to a payment plan with the creditors.
Her insolvency practitioners will want details of how much she has been paid for her television work, including her Channel 4 show where she attempted to refurbish her £2million country home.
Shocking: Earlier this month it was reported 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
Um: One of her main sources of income is her £12 a month follow fan page, where she posts lewd photos and videos
One of her main sources of income is her £12-a-month Nordic page, where she posts lewd photos and videos.
Your company, Jordan Trading Ltd, has been removed from the Companies House register and is now being wound up.
The move came after the bankruptcy trustees gave up trying to extort any more money from the star and ended their work with the doomed firm.
The company’s page in the government register said the company was “dissolved after liquidation”.
Katie has claimed she doesn’t have the money to pay HMRC. And this despite the fact that the former model has just undergone another plastic surgery.
A report filed with the company 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 raising cash from her doomed perfume and cosmetics empire.
The insolvency practitioners said the Inland Revenue would get 8.19p a 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 all but gave up trying to recover cash from her on a loan she took out with the company.
They said a £154,423 loan taken by director Katie from the company’s treasury is unlikely to be repaid to settle creditors’ claims on Jordan Trading totaling £267,769.
Shocking: 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
Hard work: Katie, once worth £45million, was declared bankrupt in 2019. She planned to pay creditors £12,000 a month under an individual voluntary arrangement
A liquidator at London firm Moorfields said only £3,127 plus £16.80 in bank interest was paid, and a report submitted to Companies House said: ‘I have corresponded with the director’s liquidator to see if there may be future dividends.” paid to the director’s creditors.
“The director failed to attend the trustee on several occasions and the director’s discharge was subsequently stayed for lack of cooperation.”
“We have been informed that creditors in the bankruptcy estate currently stand at approximately £3.265 million.”
“This brings the company’s insolvency claim to around 4.73% of the total number of creditors.
“Given that any realization of the Director’s estate is likely to be diluted by protracted legal issues faced by the Trustee in connection with the Director’s default, it is likely that the Director’s overdrawn loan account will no longer be pursued economically can.”
Katie, once worth £45million, was declared bankrupt in 2019. She planned to pay creditors £12,000 a month under an individual voluntary arrangement.