- Katie Price's eye-watering ?600,000 debts revealed in FULL ahead of bankruptcy hearing
- Katie Price
- Katie Price: what went wrong?
Katie Price's eye-watering ?600,000 debts revealed in FULL ahead of bankruptcy hearingass
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Katie Price: what went wrong?
It couldn't come at a better time for cash-strapped KP who narrowly avoided bankruptcy yesterday. She won the show back in , and now rumours are flying that Katie Price could be set to return for this coming series of Celebrity Big Brother. Coral has cut its odds from to , with bets of being taken on the chance of her winning.
The former glamour model has been given three months to come up with a plan to pay back what she owes. However, a rep for the star said the figures are 'not accurate', and revealed, "Katie is moving forward to improve her current situation. Experts have, however, warned her against selling a sex tape, gently suggesting it wouldn't make enough money to cover her mortgage. There is still talk of her resurrecting her Page Three alter-ego Jordan and launching a line of sex toys. Katie was expected to be made insolvent at today's hearing, but in the second session the judge agreed to hear an application for her to submit to an IVA Individual Voluntary Arrangement. She now has three months to come up with a payment plan, and must present it to judges on October Hinting at how she got into such a mess, Katie previously admitted she's never handled her own financial affairs.