Celebrity

Katie Price Firmly Insists on Her Tax Payments Amid Bankruptcy Declaration

Published

9 months ago

March 18, 2024

Katie Price has claimed she pays her taxes after being declared bankrupt for a second time.

The 45-year-old former glamour model was declared bankrupt in 2019 and owed over £760,000 in unpaid tax bills amid mounting legal issues.

In a short London Rolls Building hearing, Insolvency and Companies Court Judge Sebastian Prentis addressed the £761,994.05 debt.

The court received ‘no response’ from Katie Price (Picture: Instagram)

Following the court case, Katie appeared on the Daily Mail podcast Straight to The Comments, which invites celebrity guests to discuss the comments left on MailOnline stories and guess the story they are connected to. During the interview, Katie was informed about the story breaking. After the report was explained to Katie, she said: ‘I know I had court last week or the week before, but because of what’s going on in my life, I’ve been signed off because I’m dealing with serious stuff.’

The former glamour model has been declared bankrupt (Picture: Joe Maher/Getty Images)

‘You know, there’s all different kinds of bankruptcies. I think they use the word bankruptcy, but nobody knows the ins and outs of everything, and trust me, I don’t get away with stuff either, like you can’t,’ Katie told hosts Archie Manners and Josh Pieters.

‘Tax you can’t ever run away from, you have to pay,’ she stated.

‘Don’t think I sit here and don’t pay stuff because I do.’During the hearing, Judge Prentis revealed that Katie had not responded to HMRC about the issue and declared her bankrupt.

He said: ‘There has been no response from the debtor. The papers are in order. There is a substantial debt due from Ms Price to HMRC, and therefore, I will make a bankruptcy order.’

On Monday, Katie was absent from the hearing. At a hearing last month, she saw barrister Darragh Connell, representing the trustees, told the court that she had reached a voluntary agreement over the debts.

However, she failed to make the payments. Connell told a judge that the agreement included 36 payments of £12,500 plus a lump sum. The High Court ruled Katie would lose a chunk of her monthly earnings, with trustees going to court to ask for an income payment order, which means money from her earnings would be taken towards her debt.

Four companies – including OnlyFans and photo agency Backgrid – are now ‘obligated to deduct 40% of the income due to be paid to Ms Price’ every month for the next 36 months.

In August 2023, Katie told Michelle Visage’s Rule Breakers podcast she was ‘fed up’ with legal threats and would instead go to jail and be ‘done with it all’.

Katie hasn’t appeared in court (Picture: SWNS)

The following month, a previous virtual bankruptcy hearing on Microsoft Teams was chaotic when Katie accused people of taking screenshots and recordings. She told Judge Paul Greenwood then: ‘There are people already on here who shouldn’t be here. It’s an awful site that gives me anxiety.’

The reality star continued: ‘I’m scared to be on here because of these people on this site. They are awful about me. It’s a site where they slag everyone off. I’m petrified.’

She added: ‘They are already saying I’m going to jail on there.’

The judge told those joining that it was contempt of court to record or screenshot proceedings before concluding the hearing – set to last 15 minutes – would be held in private, with the relevant parties and their lawyers being the only people able to stay.