Skint Katie Price says bankruptcy ‘isn’t the end of the world’ and insists it’s a ‘good thing’ she can’t pay back cash

KATIE Price has revealed that her bankruptcy “isn’t the end of the world” and insists it’s “a good thing” she can’t pay it back.

The former glamour model opened up about her finances when speaking to Mark Dolan on GB News last week.

Katie, 44, recently jetted off on her 14th holiday in a year, despite her upcoming bankruptcy hearing.

The mother-of-five, who was once worth a whopping £45million, was declared bankrupt back in November 2019.

Katie is said to owe a whopping £3million to creditors, after her company Jordan Trading Ltd officially folded in debt.

However, in a new TV interview, the star said she didn’t think her bankruptcy was “the end of the world”.

Speaking on GB News last week, she said: “Anyone who is out there in a bankruptcy, it’s not the end of the world.

“Lots of people go into bankruptcies, and I think it’s quite good that I am in a bankruptcy, it’s made me re-value things.

“Everything in my life is now in place, never be embarrassed about being in a bankruptcy.”

It comes after it was revealed that Katie had signed a “£60,000 comeback deal” ahead of her latest bankruptcy hearing in court.

The mother-of-five is said to be planning a return to the stage with a “massive” pantomime role this year.

A source told : “She’s most excited about landing a massive role in a pantomime.

“Katie loves to sing and perform, and panto is something she’s always been a fan of, so this is a dream come true.

“She has a range of new projects and businesses that she’s working on, and she’s got an accessories business in the pipeline, too.”

Elsewhere, Katie revealed when her comeback single with X Factor star Scarlette Lee will be released.

The pair first shared that they were working together on some new music back in October last year.

She took to Instagram to share a first listen of their ‘Christmas single’ at the time, but since then nothing has been released.

Scarlette, who was runner-up on the fifteenth series of the ITV show in 2018, recently lifted the lid about their collaboration during a Q&A on Instagram.

One fan asked: “When you gonna drop this song with Katie Price then?”

Scarlette replied: “We literally have been WhatsApping today about it! About to finish it up really soon @katieprice.”

Last month, Katie shrugged off owing a massive debt as she hit out that bankruptcy was “just a word”.

Katie opened up about her cash woes in an interview with the , saying she was being “judged”.

The model explained: “Because they believe the word ‘bankrupt’, I get judged for it. But I don’t let it get to me.

“I just think, OK, if you don’t want my business because you believe what you read, then you lose out.

“Bankruptcy’s just, like, a word. But I don’t let it affect me, because I know the truth.”

Meanwhile Katie earned nearly £5,000 in the past nine months from flogging her secondhand clothes.