Katie Price dealt another financial blow following bankruptcy dispute

Reading now: 406

Katie Price has been dealt a significant setback as she's been informed that her TikTok earnings will be suspended in an attempt to repay debts from her two bankruptcies.

The ex-glamour model was declared bankrupt in November 2019 and again in March this year, and is set to face scrutiny over her financial situation in London later this month.It's been decided that the income she generates from the social media platform will be withheld.

The celebrity rakes in thousands each week from the app, where she has amassed over 1.6 million followers, but she won't be able to access the funds.In February, the Mirror reports a judge at a specialist bankruptcy court ruled that Katie, 46, must hand over 40% of her monthly income from adult entertainment site OnlyFans until February 2027.

Lawyers representing the trustee of her bankruptcies had previously requested for the order to include TikTok, but representatives for the platform stated that while they didn't oppose the move, they couldn't agree to it due to the way content creators are paid.On Monday, Insolvency and Companies Court Judge Catherine Burton deemed it "appropriate" to order the "suspension of further payments" to Price from the platform until a solution could be found.Katie did not appear at the remote hearing and had no legal representation.

Read more on dailyrecord.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA