Katie Price has reacted to the recent announcement she has been made bankrupt for a second time.
The reality TV star failed to pay over £750,000 in unpaid tax and faces losing her home if she can’t cough up the money to HMRC. Speaking on the Mail’s comedy podcast Straight to the Comments!, she opened up about her financial news.
Katie didn’t show up at the latest court hearing that took place in London and was held for her to plead her case to HMRC. A High Court judge declared her bankrupt after an official from HMRC revealed she hadn’t paid any money owed or responded to them.
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The news broke as Katie was speaking on the podcast, leaving her shocked, and saying: “Has it? Oh get lost! Are you actually serious, while I’m sat here? What have I done now?”
(Image: Instagram)
Katie added: “I know I had court last week or the week before. Because of what’s going on in my life, I’ve actually been signed off because I’m dealing with serious stuff.
“There’s all different kinds of bankruptcy, I think they just use the word bankruptcy. No one actually knows the ins and outs of everything.
“And trust me I don’t get away with stuff either. Like you can’t – tax you can’t ever run away from, you have to pay. Don’t think I sit here and don’t pay stuff because I do.”
The High Court served her with a petition on November 27 2023 with a demand for £761,994.05, the sum is mainly made up from unpaid tax from self-assessment on her earnings from 2020 – 2022.
The judge also said she owed £140,000 in unpaid VAT and they added: “As with the unpaid tax no payment has been made.” She was also served with papers in October by HMRC.
The judge said: “There is a substantial debt due from Miss Price due to HMRC and therefore I will make a bankruptcy order.”
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Source: Celebrities - dailystar.co.uk
