BANKRUPT Katie price is believed to be under investigation – after defaulting on a £3.2 million debt.
Mirror claim Bankruptcy trustees are reviewing her “luxury lifestyle” after claiming she made six figures for her new Channel 4 show.
Former glamor model Katie, once worth £45m, was declared bankrupt in 2019.
She was required to pay £12,000 a month to settle her debts.
But after the voluntary settlement fell through, Katie will return to court on February 14 to plan how she will return the money.
The newspaper claimed sources said she “was not fully involved in paying creditors”.
That’s despite earning large sums of money from television deals – including a BBC documentary about her son Harvey – and advertising income from her YouTube channel.
She also gets paid to promote products on Instagram.
The source said of the trustees: “They’re conducting a network far and wide to gauge how much money is going into Katie’s coffers.”
The Sun Exclusively Reveals Her Bankruptcy hearing has been adjourned again – and now will fall on Valentine’s Day, February 14.
Katie is expected to return to court before the end of the year to update the trustees about the payment of her debts – but the hearing has now been rescheduled.
At the time, a source told us: “Katie is due to appear in court next month but now the court date has been moved to February 2022 – which is disappointing for a lot of creditors.”
We have revealed that she faces jail if she misses her next hearing.
The mother-of-five watched her once lucrative £45m media empire fall apart following the collapse of her third marriage to Kieran Hayler and the collapse of her business.
And last year, Katie was attacked with a reclaim challenger for her £1.35m home after she defaulted on more than £500,000 in debt on the property – known as Mucky Mansion.
She faces losing her home if she can’t accumulate the cash to pay off her debtors before a recovery hearing.
https://www.thesun.ie/tvandshowbiz/8258293/katie-price-luxury-lifestyle-investigated-debt/ Katie Price ‘luxury lifestyle under investigation after she defaults on £3.2m debt’