Katie Price insists she’s not broke ahead of bankruptcy hearing – boasting she’s got loads of cash despite £3.2m debts
KATIE PRICE has admitted she is not broke ahead of her bankruptcy case, boasting that she has "loads of cash" despite her £3.2m debts.
The reality TV star still owes staggering amount of money that she hasn't paid back since she went bankrupt in 2019.
Katie had debts of around £2.1 million in 2022.
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.
But now she's insisted she's "not broke" as she responded to a fan on social media who asked her if she has "run out of money".
One fan asked: “Have you run out of money?”
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Katie clapped back: “Have I run out of money? Totally not, I am making the bucks baby, make it rain. I’m a workaholic, I’m a mother of five and I work. I don’t take money from any man, I support them.”
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.
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“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.
Despite her whopping debts, Katie has seemingly enjoyed a luxury lifestyle with frequent exotic holidays, including a visit to Las Vegas with boyfriend Carl Woods.
Her bankruptcy trustees wanted to find out details of how much she has been paid for her TV work, including her Channel 4 show where she attempted to renovate her £2m country mansion.
