Katie Price tells bankruptcy hearing she’s ‘lost everything’ despite earning £45k a month
The former glamour model appeared via Skype at a bankruptcy hearing today as her recent monthly earnings of £45,000 were declared
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Katie Price has told a bankruptcy hearing that she’s “lost everything” despite earning £45,000 a month.
Appearing at the Insolvency and Companies Court at London’s Rolls Building via Skype today, the former glamour model spoke about being burgled and attending the Priory.
The 42-year-old, who was declared bankrupt in November last year, has had average recent monthly earnings of £45,000, a court heard.
The mum-of-five said she was going to visit her son Harvey in hospital after the hearing, adding: “It’s one thing after the other.”
At the weekend, she shared a video saying Harvey was feeling “a lot better” after confirming on July 12 that the 18-year-old, who has a number of conditions including partial blindness, Prader-Willi syndrome, autism, and learning and behavioural difficulties, had been admitted to intensive care.
Asked about what assets she has, Price told the court she owns a house but is currently living in a rented property.
She also said she has a Beetle car, one horse and one pony, but nothing else.
Katie said: “I haven’t got anything, I haven’t got absolutely anything left, everything has been stolen off me.”
She said she had been burgled and cannot get any insurance, adding: “I’ve lost everything.”
One of her representatives told the court that over the last three years he had been observing the “mental abuse” Katie had been on the receiving end of.
She told the hearing she had a “bad breakdown” last year and that she was an inpatient at the Priory for five weeks.
Katie said she had had suicidal thoughts, but added: “I am here, I am sorting myself out.”
Judge Catherine Burton adjourned the case for a further hearing on October 27.
Katie’s ex-husband Alex Reid attended the hearing in person.
Katie was once said to be worth more than £40 million.
At a hearing in October 2018, she was given time to negotiate a deal with the taxman over her finances and her proposal for an Individual Voluntary Agreement (IVA) was accepted.
An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate in a bid to avoid bankruptcy.