Katie Price to face questioning in court over finances

Katie Price is to face questioning in court over her finances.

A judge confirmed on Friday that the former glamour model would be questioned on the subject, after she first declared bankruptcy in 2019.

Judge Paul Greenwood was presiding over a hearing at a specialist insolvency and companies court today where the court heard that a public examination over her finances had previously been adjourned.

Price did not appear at the hearing and was not represented.

Barrister Darragh Connell said trustees are seeking re-listing of the examination and questioning of the mum-of-five after she reportedly breached a payment agreement.

He said they are now ‘at the stage where this matter needs to be expeditiously dealt with.’

Judge Greenwood agreed it was ‘right, indeed inevitable’ that the one-day examination and questioning should happen ‘as soon as the court can accommodate,’ and said it would be listed for the first available date after July 21.

At a previous bankruptcy hearing in October 2020, Price had apologised to the court, saying she ‘haven’t been able to deal with these issues or in the right mental state to understand everything that has been going on.’

She said creditors could think her movements to repay would be ‘too little too late’ but insisted her ‘progress is real.’

In February last year she avoided jail for a second time over her bankruptcy as she stuck a ‘last-minute deal.’

Katie, who was once worth £40m, was declared bankrupt in November 2019.

She had been due to appear in court to explain her attempts to pay off the £3.2 million debt she owes to creditors. 

According to The Sun, Katie, 43, managed to strike a ‘last-minute’ agreement with the court that she would pay a ‘small contribution’ now to reduce her debt, as well as a new payment plan. 

It was reported at the time that trustees were keen to find out how much she has been paid for recent work, including her Channel 4 series Mucky Mansion.

She said in January of this year she was certain she could recover from bankruptcy after hitting ‘rock bottom.’

She told Mark Dolan on GB News: ‘Anyone who’s out there in a bankruptcy, it’s not the end of the world,’ she encouraged.

‘Lots of people go into bankruptcies and I think it’s quite good that I’m in a bankruptcy, actually.

‘It’s made me re-value things and put things straight so I’m happy. Everything in my life is in place. Never be embarrassed about being in a bankruptcy at all.’

Metro.co.uk has contacted reps for Price for comment.

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