26-11-2019, 07:27 PM
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Katie Price declared bankrupt at High Court
https://www.bbc.co.uk/news/entertainment-arts-50561711
Last year, Price, 41, came to an arrangement with her creditors for a repayment plan known as an Individual Voluntary Arrangement (IVA). But the insolvency practitioner overseeing her IVA said she had failed to keep to the terms of the agreement.
Now that she's been made bankrupt, the Official Receiver will take control of her financial affairs and property.
I do recall that, at one time, she "wrote" a new autobiography every year to sell to gullible schoolgirls, along with a vast array of pink accessories for horse and home, bringing her wealth up to £80m.
By now, she should have been able to live luxuriously on the interest but, seemingly, her cash has been squandered and her assets will be sold to pay off her debts.
Perhaps she'll become a "bag-lady" now .....
26-11-2019, 08:20 PM
7
Re: Katie Price declared bankrupt at High Court
It's a shame not because of the money but because she was quite attractive when she started and all the operations and cosmetic changes have ruined her looks. She keeps having more surgery and treatments to try to fix it but they just make it worse.
26-11-2019, 08:36 PM
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Re: Katie Price declared bankrupt at High Court
Originally Posted by Judd
->
It begs the question on how can anyone blow forty million quid?
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