Katie Price’s financial troubles just got heavier after a court ruled she will have to hand over even more of her earnings to pay back creditors.
The former glamour model, who has been declared bankrupt twice in recent years, was already under an income payments order that forced her to give up 40 per cent of her monthly income from several companies until 2027.
But this week, a specialist bankruptcy court approved a second order that will see another 10 of her businesses pay the same percentage to the trustee managing her bankruptcies for the next three years.
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The companies named in the latest ruling include media and entertainment firms as well as the partnership acting as her agent. Katie herself didn’t show up to court, and nor did representatives for any of the businesses. Deputy Insolvency and Companies Court Judge Stephen Baister noted that she had been given “every opportunity to appear and to make representations” before making his decision, reported the Daily Mail.
In his remarks, the judge criticised Katie’s lifestyle, saying: “The bankrupt’s expenditure seems to have exceeded her income, but that is only because she has adopted an extravagant pattern of expenditure, that of course she is now going to have to trim somewhat.” He went on to confirm the order, pointing out that despite her financial situation she still enjoys a healthy income.
The court heard that Katie now works as an influencer and “has enjoyed a considerable amount of success”, with earnings that the judge said “by any standard would be regarded as significant”. He added that even after the second order, she still has “very substantial sums” left to cover her living costs.
Rowena Page, representing the trustee, explained that under the first income payments order, Katie was required to pay a lump sum of £25,000 and 34 monthly instalments of £12,500. But according to Page, she “failed to make the lump-sum payment due” and also “failed to discharge any of the monthly installments she was ordered to make”.
Despite her non-payments, more than £124,000 has already been collected from the companies included in the first order. Page argued that the new ruling was necessary to ensure creditors were treated fairly, saying Katie’s income was far more than what was needed for her family’s reasonable household expenses.
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Katie’s financial mess stretches back years. She was first declared bankrupt in November 2019, then again in March 2024 after failing to pay a tax bill of more than £750,000. The first income order was introduced in February 2023, covering earnings from four companies including OnlyFans.
A few months later, the order was widened to more businesses after another court hearing, where a judge even issued a warrant for Katie’s arrest when she didn’t turn up.
She had been due to attend a public examination into her finances last August but managed to have it delayed so she could take part in a private interview instead. Both bankruptcies were eventually discharged earlier this year, but because the income orders were applied for before those bankruptcies ended, they remain in force.
