Katie Price tells bankruptcy hearing she’s lost everything
‘I’ve lost everything’: Katie Price, 42, tells bankruptcy hearing she has nothing left except her ‘mucky mansion’ in Sussex, a VW Beetle and two horses, oh, and a £45,000-a-MONTH income
- Katie Price speaks about being burgled and attending the Priory at court today
- She was declared bankrupt lat November and has monthly earnings of £45,000
- Said she is visiting son Harvey in hospital, adding: ‘It’s one thing after the other’
- Price told the court she owns a house but is currently living in a rented property
- She also said she has a Beetle car, one horse and one pony – but nothing else
Published: 08:36 EDT, 21 July 2020 | Updated: 15:16 EDT, 21 July 2020
Katie Price (pictured in February 2019) told a bankruptcy hearing she has ‘lost everything’
Katie Price told a bankruptcy hearing she has ‘lost everything’ as she spoke about being burgled and attending the Priory.
The former glamour model, who was declared bankrupt in November last year, has had average recent monthly earnings of £45,000, a court heard.
She joined a hearing at the insolvency and companies court at the Rolls Building in London today via Skype.
The 42-year-old said she was going to visit her son Harvey in hospital after the hearing, adding: ‘It’s one thing after the other.’
At the weekend, she shared a video saying Harvey was feeling ‘a lot better’ after confirming on July 12 that the 18-year-old, who suffers from partial blindness, Prader-Willi syndrome, autism, and learning and behavioural difficulties, had been admitted to intensive care.
Asked about what assets she has, Price told the court she owns a house but is currently living in a rented property.
She also said she has a Beetle car, one horse and one pony, but nothing else.
Katie Price is pictured with her son Harvey, 18, in February 18. of The 42-year-old said she was going to visit him in hospital after today’s court hearing, adding: ‘It’s one thing after the other’
Price bought her home in Sussex for £1.35million in October 2014. The glamour model told the court she owns a house but is currently living in a rented property
Katie Price was pictured taking her son Harvey home from the hospital on Tuesday, following his gruelling fight for his life in intensive care
The 42-year-old said she was going to visit her son Harvey in hospital after the hearing
She was seen carrying a large bag of prescription medication as they headed home today
Alex Reid, former husband of Price, stands outside the Rolls Building in London today
Price in London in 2010 (left) and on ITV’s I’m A Celebrity… Get Me Out of Here! in 2014 (right)
FROM WORLD-FAMOUS GLAMOUR MODEL TO DECLARED BANKRUPT: KATIE PRICE’S TUMULTUOUS LIFE
January to February 2004 – Katie Price appears on I’m a Celebrity…Get Me Out of Here!
May 2004 – Price releases autobiography Being Jordan which went onto sell over 1,000,000 copies.
September 2005 – Katie Price marries Peter Andre.
May 2009 – The celebrity power couple announce they were separating. They then got a divorced in September 2009.
February 2010 – Price married Alex Reid.
March 2012 – Price and Reid’s divorce was finalised in 55-second hearing over his ‘unreasonable behaviour’.
January 2013 – Price marries Kieran Hayler.
2015 – Price appears on Celebrity Big Brother.
May 2018 – Price announces she and Hayler are splitting amid reports he was a sex addict and had cheated on her with two of her friends. Hayler has refuted the notion that he has a sex addiction.
October 2018 – Price is given time to negotiate a deal with the taxman over her finances and her proposal for an Individual Voluntary Agreement (IVA) was accepted.
January 2019 – Caught driving while disqualified, without third party insurance – ordered to pay £1,000 and banned for a further three months.
February 2019 – Convicted of being drunk (more than twice legal limit) in charge of her vehicle and banned from driving for three months. Claimed a mystery man had been driving.
June 2019 – Price is fined hundreds of pounds after admitting hurling a foul-mouthed ‘tirade of abuse’ at Hayler’s girlfriend Michelle Penticost in a row in a school playground.
November 2019 – Price is declared bankrupt after she failed to pay £12,000 a month to her creditors.
October 2019 – Banned from the roads after withholding the name of the mystery man who she said had been driving. Given a £440 fine, a £44 surcharge and ordered to pay £100 in costs.
December 2019 – Judge slashes Katie Price’s two-year driving ban to 18 months.
April 2020 – Katie Price has candidly detailed her horrific carjacking experience where she was sexually assaulted while with her children in South Africa in 2018.
Price said: ‘I haven’t got anything, I haven’t got absolutely anything left, everything has been stolen off me.’
She said she had been burgled and cannot get any insurance, adding: ‘I’ve lost everything.’
One of her representatives told the court that over the last three years he had been observing the ‘mental abuse’ Price had been on the receiving end of.
She told the hearing she had a ‘bad breakdown’ last year and that she was an inpatient at the Priory for five weeks.
Price said she had had suicidal thoughts, but added: ‘I am here, I am sorting myself out.’
Judge Catherine Burton adjourned the case for a further hearing on October 27.
Price’s ex-husband Alex Reid, who is one of her creditors, attended the hearing in person.
The former model, formerly known as Jordan, was once said to be worth more than £40million.
At a hearing in October 2018, she was given time to negotiate a deal with the taxman over her finances and her proposal for an Individual Voluntary Agreement (IVA) was accepted.
An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate in a bid to avoid bankruptcy.
However, the renewed bankruptcy proceedings last year were brought after she failed to meet the terms of the agreement.
Price used to be able to fund her lifestyle through modelling, reality TV shows and fragrances when she was at the height of her fame in the 1990s and 2000s.
But she is now understood to earn a living through undergoing paid promotions on social media, photo shoots and with public appearances.
Price’s £2million mansion, a former home of politician Francis Maude, boasts nine bedrooms, a two bedroom annexe, 12 acres of land, a pool, tennis court and stables.
She bought it for £1.35million in October 2014, but it has since fallen into a state of disrepair, with the grounds strewn with rubbish and the pool full of dirty water.
Last year Price revealed that she has ‘no choice’ but to put her son Harvey into care.
Harvey’s father is former footballer Dwight Yorke, who requested a DNA test to prove that Harvey was his son after he was born. He has since been absent from his life.
Price also has two children with ex-husband Peter Andre, son Junior and daughter Princess, and two with her other ex Kieran Hayler, daughter Bunny and son Jett.
For confidential support call the Samaritans on 116123, visit a local branch or go to www.samaritans.org
