Katie Price declared bankrupt for second time over £750,000 unpaid tax bill
Katie Price owes £761,994.05 to HM Revenue and Customs, a court was told on Monday.
Katie Price has been declared bankrupt for a second time over an unpaid tax bill. The former glamour model owes £761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday.
The 45-year-old, who was previously declared bankrupt in 2019, was not at the hearing today whick took place just days after she was fined £880 for driving without a licence or insurance last year.
At a short hearing at London's Rolls Building, Insolvency and Companies Court Judge Sebastian Prentis said that the reality star had not responded to HMRC over the debt 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."
Judge Prentis went on to say that the bill "derives from self-assessments from the year 2020-2021 and from the year 2021-22" and includes income tax, VAT, surcharges and interest.
HMRC had issued a bankruptcy petition in October 2023.
In February this year, she was ordered by a High Court judge to pay 40 per cent of her income from OnlyFans to trustees for the next three years in a separate dispute over unpaid debts.
On the adult entertainment website, she describes herself as the "queen of glamour" and is said to charge $14.99 (£12) a month to access "exclusive content".
Katie has previously said she was "fed up" with being threatened with legal action and would go to prison to be "done with it all".
Katie Price blames bankruptcy on people from her past
Speaking on Michelle Visage's Rule Breakers podcast, she revealed she had been to court "more times than I've had hot dinners" and claimed she would "genuinely" not care about jail.
In March last year, she also said people shouldn't be "ashamed" of being bankrupt in a discussion on Jeremy Vine's Channel 5 show.
The mother-of-five said it was hard to see her finances racking up as she suffered from mental health issues in recent years.
During a hearing in October 2020, the model apologised to the court, saying: “I just haven’t been able to deal with these issues or in the right mental state to understand everything that has been going on.”
