Katie Price avoids facing court after hearing over £3,200,000 bankruptcy is ‘vacated’ ahead of new date

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Katie Price has seen a reprieve in her ongoing bankruptcy ordeal after the latest court hearing was pushed back. The former glamour model was due to face another court date on Tuesday at the Royal Courts of Justice in London, however, it’s said this did not take place.

Price, 44, was declared bankrupt in November 2019 after falling into serious debt of £3.2million. She was previously ordered to pay £12,000 off every month for four years to her creditors after taking out an individual voluntary arrangement (IVA) in 2021, but failed to do so.

She managed to avoid going to jail In February this year over the failed repayments, after reportedly agreeing to a last-minute deal.

According to the alleged terms, Price would pay a ‘small contribution’ to reduce her debt, as well as a new payment plan. Her bankruptcy trustees were also said to be keen to hear how much she had been paid for recent work commitments, including her Channel 4 series Mucky Mansion, which saw her renovate her dilapidated home in West Sussex.

Read more on metro.co.uk
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