Katie Price has claimed she has “lost everything” in bankruptcy court today.
The 41-year-old appeared via Zoom at the Insolvency and Companies Court at the Rolls Building in central London.
The mum-of-five, who was once worth an estimated £45 million, was declared bankrupt in November after failing to pay mounting debts.
She had submitted a payment plan to the court known as an Individual Voluntary Agreement (IVA) to manage her repayments, which totalled an estimated £250,000.
An IVA is a formal agreement with creditors, which lets people with debt pay it back at an affordable rate.
Katie Price claimed she has ‘lost everything’ in bankruptcy court today (Image: Youtube)
Katie was failing to pay back £12,000 a month and was, therefore, unable to pay back creditors in time.
The former glamour model confirmed to the court she was living in rented accommodation costing £4,200 a month.
She told the court she made £45,000 a month for the last six months, and her only assets are a Beetle car, a horse and a pony.
The former glamour model was declared bankrupt in November 2019 (Image: Youtube)
When asked, she said: “I have got one pony and one horse.
“My horse is 18 years old.
“And one pony that is my daughter’s and he is about 17 years old.”
Elsewhere during the hearing, the reality TV star discussed her house in Dial Post, West Sussex, and said that her home was broken into and “lots of stuff was taken”.
Katie told the court she was visiting son Harvey after the hearing (Image: Instagram)
When question if she had valuables like jewellery, she replied: “Everything has been stolen off me. There was a guy who stole everything out of my house.
“Everything has been stolen.”
Katie told the court she was going to see her eldest son Harvey in hospital after the hearing.
She explained: “He has been in intensive care which is why I am not in court.
“It’s just one thing after the other.”
The 18-year-old was taken to hospital on July 12 with breathing problems and a temperature spiking 42C.
Judge Catherine Burton adjourned the hearing until October 27.
Source: Celebrities - dailystar.co.uk
