Katie Price has expressed her relief and optimism, stating, “I can finally move on,” following the resolution of her recent court hearings. The former glamour model, aged 46, faced legal proceedings since 2019, culminating in her second bankruptcy. This bankruptcy, prompted by an outstanding tax bill exceeding £750,000, has now been discharged. Her first bankruptcy, dating back to 2019, was also resolved earlier this year after a hearing at the Insolvency and Companies Court.
In a statement to The Sun, Katie Price shared her emotions, saying, “I’m so happy. I can finally move on and put these bankruptcies behind me and now only focus on the positive. Thank you to everyone that has supported me through this process.” Her solicitor, Chris Keane from Fieldfisher LLP, confirmed that she had been cooperative and compliant throughout the bankruptcy proceedings, leading to a swift discharge from both bankruptcies following a private interview.
The legal saga involving Katie Price began in November 2019 when she was first declared bankrupt. Following this, in February last year, a court order mandated that she allocate 40% of her monthly earnings from OnlyFans towards settling her debts until February 2027. Despite these challenges, Price remained resolute in her approach, as highlighted by her representatives during the recent court hearings.
Despite facing initial difficulties and missing court appearances, Katie Price has shown resilience throughout her legal battles. A public examination related to the second bankruptcy was adjourned until April 8, demonstrating that the process of resolving financial obligations can be complex. However, Price’s commitment to addressing her debts and legal responsibilities has been evident.
According to official guidelines, a person typically exits bankruptcy within 12 months, thus relinquishing various restrictions and debts associated with the bankruptcy process. While Katie Price has now been discharged from bankruptcy, she remains liable for debts not included in the bankruptcy order, illustrating the ongoing financial implications of her past financial challenges.
Throughout her career, Katie Price has ventured into various entertainment realms, from reality TV shows like “I’m A Celebrity… Get Me Out Of Here!” to winning Celebrity Big Brother in 2015. More recently, she documented her fertility journey with ex-fiance Carl Woods in the Channel 4 documentary “Katie Price: Making Babies.” Despite her personal and legal challenges, Price has continued to engage with audiences through her varied projects.
As Katie Price embraces this new chapter post-bankruptcy, her supporters and fans are likely to witness her resilience and determination as she moves forward. The conclusion of her legal battles signifies a turning point for the model, allowing her to focus on positive endeavours and future opportunities. Ultimately, Price’s journey serves as a reminder of the importance of perseverance and self-belief in overcoming adversities.