Katie Price pays back just £3k of £3.2m debt despite landing five-figure deal for TV show

KATIE Price paid off just £3,143.82 of business debt in a single year and is now nursing a staggering £3.265million worth of repayments.

The 43-year-old paid back the paltry sum between February 2020 and February 2021.

Accountants liquidating one of her firms have all but given up clawing back any cash from her against a loan she took out from her own firm.

She was declared bankrupt in 2019 with debts of around £2.1 million and the courts have since refused to discharge her due to a failure to attend meetings and address paying back the monster losses which have now increased.

A new report on her debts by the firm is due in April. The Sun reported this week how Katie landed a £45k deal for her new Mucky Mansion TV show - which aired on C4 last night.

She has also just launched an OnlyFans account in a bid to make millions as followers sign up to see her strip.

Accounts working on Jordan Trading Ltd – which took in cash from her failed perfume and cosmetics empire – laid bare the true extent of her debts.

They say a £154,423 loan taken from the firm’s coffers by director Katie is unlikely to be paid back help clear claims by creditors to Jordan Trading totalling £267,769.

A liquidator for London firm Moorfields said just £3,127 had been paid plus £16.80 in bank interest and they said in a report filed to Companies House: “I have been in correspondence with the Director’s Trustee in Bankruptcy to establish whether there maybe any future dividends pad to the Director’s creditors.

“The Director has failed on multiple occasions to attend on the Trustee and the Director has subsequently had their discharge suspended due to non-cooperation.

“We have been advised that creditors in the bankruptcy estate now total approximately £3.265milion.

“As such, the company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors.

“Given that any realisation from the Director’s estate will likely be watered down with protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, it is likely the overdrawn director’s loan account may no longer be economically viable to pursue.”

And they have revealed that they’ve submitted a report to the Government’s Department for Business and Energy and Industrial Strategy on her conduct as a director.

The firm revealed their total bill for handling the collapse of the firm will be around £42,000 and so far, they’ve been paid £25,000.