Bankrupt Katie Price has dodged a court hearing for a fifth time to answer questions over her £3.2million debts.
Katie had been expected to appear in person at the bankruptcy court in London at noon today and was going to be asked to explain how she plans to pay off her creditors.
The hearing was still scheduled to go ahead as late as last week. But court officials revealed the case had been adjourned at the last minute and a new date has now been arranged for July.
The glamour model – who has been on two holidays in the last few weeks including a trip to Thailand in March – will be asked to lay bare just how much cash she makes when she finally faces the music.
She has avoided being grilled in person since November 2021 and today’s planned hearing had been moved from February.
Katie had been expected to appear in person at the bankruptcy court in London today
Katie would have been requested to reveal details of her income – including her Depop page.
She has raked in tens of thousands of pounds from the fashion marketplace page and has so far flogged 2,500 items, many being top designer brands.
Much of the cash is owed to lenders for mortgages secured against her so-called Mucky Mansion in Sussex.
Katie had agreed to a payment plan with creditors.
Her bankruptcy trustees will want to find out details of how much she has been paid for her TV work, including her Channel 4 show where she attempted to renovate her £2m country mansion.
And one of her main sources of income is her £12-a-month OnlyFans page where she posts raunchy photos and videos.
Last month it was confirmed she had dodged paying most of a £234,000 tax bill after her failed firm was officially axed.
Her Jordan Trading Ltd outfit was struck from the register at Companies House and has now been dissolved.
Katie has raked in tens of thousands of pounds from the fashion marketplace page and has so far flogged 2,500 items, many being top designer brands
She would have been requested to reveal details of her income at the hearing – including from her Depop page
Katie – who in total owes around £3million – received a bill for £234,470 from HMRC for Jordan Trading Ltd – that took in cash from her doomed perfume and cosmetics empire
The move was made after liquidators gave up trying to prise any more money from the star and ended their work with the doomed firm.
A notice on the outfit’s page on the government register said the company had been ‘dissolved following liquidation’.
Katie has maintained she doesn’t have the cash to pay HMRC.
That’s despite the former model just undergoing another bout of plastic surgery.
A report into the company filed late last year revealed how she’ll pay just over 8p for every pound she owes the taxman.
Katie – who in total owes around £3million – received a bill for £234,470 from HMRC for Jordan Trading Ltd – that took in cash from her doomed perfume and cosmetics empire.
Liquidators said the taxman will get 8.19p in the pound and other trade creditors owed more than £33,000 won’t get a penny. The firm went belly up in 2017.
Accountants liquidating Jordan Trading said in a previous report they had all but given up clawing back any cash from her against a loan she took out from the firm.
They said a £154,423 loan taken from the firm’s coffers by director Katie was unlikely to be paid back to help clear claims by creditors to Jordan Trading totalling £267,769.
A liquidator for London firm Moorfields said just £3,127 had been paid plus £16.80 in bank interest and they said in a report filed to Companies House: ‘I have been in correspondence with the Director’s Trustee in Bankruptcy to establish whether there maybe any future dividends paid to the Director’s creditors.
‘The Director has failed on multiple occasions to attend on the Trustee and the Director has subsequently had their discharge suspended due to non-cooperation.
‘We have been advised that creditors in the bankruptcy estate now total approximately £3.265milion.
‘As such, the company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors.
‘Given that any realisation from the Director’s estate will likely be watered down with protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, it is likely the overdrawn director’s loan account may no longer be economically viable to pursue.’
Ex-glamour model Price, once worth £45million, was declared bankrupt in 2019.
She planned to pay £12,000 a month to creditors through an individual voluntary arrangement.
In 2021, the star was hit with a repossession order on her ‘Mucky Mansion’ after failing to pay a £500,000 debt.
She faces losing the house if she does not stump up the cash.
But despite making an offer to buy another home in Surrey for £1.5million, she owes a total of £3.2million and has several notices on the deeds of her property lodged at the Land Registry.
That means the house cannot be sold without the proceeds being used to clear the outstanding debts.
Mother-of-five Katie saw her once-lucrative media empire fall apart after the end of her third marriage to Kieran Hayler and the collapse of her businesses.
