Katie Price declared bankrupt after failing to pay back debts

Photo: Getty Images

Former glamour model Katie Price has been declared bankrupt at a court in London after failing to pay back her debts.

The television personality had avoided bankruptcy in December last year after agreeing a plan to pay back what she owes.

But a judge declared the mother of five bankrupt at a hearing in London on Tuesday.

Judge Jonathan Middleton, sitting at a specialist insolvency and companies court, said: "I do judge Ms Price to be bankrupt."

The 41-year-old was given time to negotiate a deal with the taxman over finances at a hearing in October 2018, and her proposal for an Individual Voluntary Agreement (IVA) was accepted on 30 November.

An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate to afford bankruptcy.

Renewed bankruptcy proceedings were brought after she failed to meet the terms of agreement.

The former I'm A Celebrity... Get Me Out Of Here! star was once said to be worth more than £40m.

Price rose to fame in the 1990s as a glamour model making her debut on The Sun's Page Three.

In addition to her modelling and media career, she also established herself as an author, releasing six autobiographies, 11 novels, a fashion book and two series of children's books.

She has had high-profile marriages including to pop star Peter Andre and former MMA fighter Alex Reid.

Sky News

© Sky News 2019

More from Entertainment and Music


Add a comment

Log in to the club or enter your details below.

Download Our App

  • Available on the App Store
  • Available on Google Play


  • B4210 Stafford Street - Birchills, West Midlands

    Stafford Street both ways closed due to sinkhole between Proffitt Street (Birchills) and Hospital Street (Walsall).

  • Transport networks - United Kingdom, London

    Restrictions and there are limited reasons for not 'staying at home' due to the Coronavirus outbreak. The Government website shows permitted reasons for going outside on Transport networks around the United Kingdom.

  • A529 - Adderley, Shropshire

    A529 both ways closed due to Resurfacing work during the day time between the Spoonley turn off and the Tittenley turn off.

Today's Weather

  • Stoke-On-Trent

    Medium-level cloud

    High: 19°C | Low: 9°C

  • Stafford

    Medium-level cloud

    High: 20°C | Low: 9°C

  • Crewe

    Medium-level cloud

    High: 19°C | Low: 8°C

Recently Played

Cover art for Angel Eyes

Now Playing

Wet Wet Wet - Angel Eyes