DRIVEN MAD
Double bankrupt Katie Price shows off car collection worth thousands – after being accused of ‘hiding’ vehicles
The model has been unable to move on from her money troubles in five years since being declared bankrupt
BANKRUPT Katie Price has showed off her car collection worth thousands - after being accused of "hiding" from bailiffs.
The model has been declared bankrupt twice due to sky high debts that have even brought debt-collectors to the door.
4
4
But she apparently has no qualms about showing off an impressive collection of motors, which appear in the background of recent social media reel.
The 45-year-old uploaded one of her regular videos of herself endorsing a collagen protein drink where she talks about all the benefits of the anti-ageing supplements.
As she stands at the kitchen window, there appears to be a whole fleet of cars visible in her front drive.
It comes after Katie's ex Carl Woods claimed earlier this year that he had been tasked with hiding her signature pink Range Rover from debt-collectors.
read more about
In February, bailiffs swooped on her Sussex-based "Mucky Mansion" to seize some of her assets, after she struggled to repay her debts.
The model, formerly known as Jordan, had been ordered to pay her ex-husband Alex Reid around £250,000 in damages some four years prior, but as the money is still outstanding the debt collectors have started to close in.
The reality TV star has reportedly run up debts to the tune of £3.2million. She is said to owe around £760,000 to HMRC in unpaid tax, VAT and late payment penalties.
Having been declared bankrupt in 2019, after blowing her £45million fortune, Katie remains in a state of insolvency, over her apparent lack of cooperation in paying back the money.
Most read in Showbiz
Government guidance states that a person can be freed from bankruptcy after 12 months, providing they cooperate with the process of repaying what is owed.
But despite the appointment of a trustee to help resolve the debts, Katie has declined to properly assist, which has led her to remain in a stagnant state of bankruptcy.
The TV star failed to send a lawyer to the latest hearing and has not been consistent in her communication with HMRC since the bankruptcy was declared.
Now she faces losing her £2million mansion in the Sussex countryside or any other assets the bailiffs choose to confiscate.
4
4
Topics