Katie Price has avoided bankruptcy after the taxman accepted a plan for her to repay her debt.
A specialist insolvency and companies court in London was told on Tuesday that the former glamour model had reached an agreement with her creditors.
She was given time to try to come to an agreement at an earlier hearing.
The 40-year-old, formerly known as Jordan, was once said to be worth more than £40 million.
At a hearing in October, she was given time by a judge to negotiate a deal with the taxman over her finances.
The case was previously adjourned following a hearing in August to allow time for the consideration of an Individual Voluntary Agreement (IVA).
Lawyers representing her creditors told the court on Tuesday that her IVA proposal was accepted on November 30.
An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate in a bid to avoid bankruptcy.
Speaking after the August hearing, a representative for the reality TV star said: "Katie is aware of the hearing and is working with her advisers to resolve her current financial issues.
"She hopes to be in a position to do so and reach agreement with her creditors."
Price has been married three times and was back in the headlines following the collapse of her most recent marriage to Kieran Hayler.
She has also recently revealed that her mother, Amy Price, has been diagnosed with idiopathic pulmonary fibrosis (IPF) - the same disease that killed TV presenter Keith Chegwin.
She was arrested in October on suspicion of drink-driving after being found by police at 2am in a damaged car in Woolwich, south-east London.
The ex-Loose Women panellist revealed in July she had reported herself to police for violating a driving ban, handed to her in February after she was caught speeding.
Additional reporting by Press Association
