27-11-2019, 07:15 PM
32
Re: Katie Price declared bankrupt at High Court
Remember the days when bankruptcy was an embarrassment and your name was put in the paper to shame you .Now it seems a way of escaping paying off your debts but maybe I'm thinking wrongly. Is someone here able to give me more information. Surely if she owes debts then they must be paid .
We ordinary folk would have bailiffs at the door wouldn't we
27-11-2019, 07:39 PM
33
Re: Katie Price declared bankrupt at High Court
Originally Posted by susan m
->
Remember the days when bankruptcy was an embarrassment and your name was put in the paper to shame you . Now it seems a way of escaping paying off your debts but maybe I'm thinking wrongly. Is someone here able to give me more information. Surely if she owes debts then they must be paid .
We ordinary folk would have bailiffs at the door wouldn't we
https://www.citizensadvice.org.uk/de...y-arrangement/
KP had engaged an Insolvency Practitioner to set up an Individual Voluntary Arrangement (IVA), a formal and legally binding agreement between her and her creditors to pay back her debts over a period of time. This means it’s approved by a court and agreed by her creditors.
How an IVA works
An IVA must be set up by a qualified person, called an insolvency practitioner. This will be a lawyer or an accountant. The insolvency practitioner will charge fees for the IVA. These can often be high and are based on the amount paid back through the IVA. The insolvency practitioner deals with the creditors throughout the life of the IVA.
KP's assets will now become the property of the Official Receiver who will allocate payments of costs and payment to creditors in a specific order:
https://www.gov.uk/government/public...to-your-assets
The process could last more than the usual 12 months if complexities arise.
27-11-2019, 08:07 PM
34
Re: Katie Price declared bankrupt at High Court
Originally Posted by Floydy
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She's a despicable and obnoxious narcisstic media creation moulded from plastic.The Queen of all Chavs.
Or is it? I'd instantly drawn a similar conclusion, and I don't even know who she is, I know nothing, it must be an age thing, (plus I wasn't living in the UK when she was young and innocent).
Do people on this site really immerse themselves in such tabloid chavery?
27-11-2019, 08:15 PM
35
Re: Katie Price declared bankrupt at High Court
Originally Posted by Floydy
->
She's a despicable and obnoxious narcisstic media creation moulded from plastic.The Queen of all Chavs.
27-11-2019, 10:52 PM
37
Re: Katie Price declared bankrupt at High Court
Originally Posted by Floydy
->
She's a despicable and obnoxious narcisstic media creation moulded from plastic.The Queen of all Chavs.
27-11-2019, 11:54 PM
40
Re: Katie Price declared bankrupt at High Court
Originally Posted by The Artful Todger
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A girl would have to do a lot of blowing to even get 40 million quid!
Donkeyman!
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