Katie Price 'could lose Mucky Mansion at upcoming bankruptcy hearing'

Katie Price ‘could lose her Mucky Mansion at upcoming bankruptcy hearing over £3.2million debts’

Katie Price could reportedly lose her Mucky Mansion at an upcoming bankruptcy hearing.

The former glamour model, 45, once worth £45million, was declared bankrupt in 2019 and now has £3.2million worth of debt. 

A judge will assess her finances on Thursday, reports The Sun, and she may have to flog the sprawling Sussex home in order to get the cash she needs. 

The publication claims she paid £1.3million for the home nine years ago and that it is now worth more than £2million.

The star previously agreed to pay back creditors £12,000 a month but has not been sticking to the deal, according to those owed the money. 

Difficult times: Katie Price could reportedly lose her Mucky Mansion at an upcoming bankruptcy hearing 

Tough: The former glamour model, 45, once worth £45million, was declared bankrupt in 2019 and now has £3.2million worth of debt 

Those handling her bankruptcy reportedly have the power to sell Katie’s Mucky Mansion to meet her debts if they see fit.

Legal notices placed on the home prevent her from selling the Sussex pad herself, The Sun goes on to claim.

Representatives for Katie have been contacted by MailOnline for comment. 

During a short hearing at a specialist insolvency and companies court in July – where Katie did not appear and was not represented – the court was told a public examination over her finances had previously been adjourned.

However, trustees are seeking re-listing of the questioning after she breached a payment agreement, barrister Darragh Connell said.

‘We are now at the stage where this matter needs to be expeditiously dealt with,’ Mr Connell told the court.

Judge Paul Greenwood said the hearing where Ms Price would be questioned over her finances would be listed for the first available date after July 21.

Judge Greenwood said that ‘it seems right, indeed inevitable’ to list the one-day examination ‘as soon as the court can accommodate’.

Law: A judge will assess her finances on Thursday, reports The Sun, and she may have to flog the sprawling Sussex home in order to get the cash she needs 

Property: The publication claims she paid £1.3million for the home nine years ago and that it is now worth more than £2million 

During an appearance on Jeremy Vine’s Channel 5 show in March this year, Ms Price discussed her bankruptcy and how she had been struggling with her mental health in recent years.

‘You shouldn’t be ashamed if you have a bankruptcy because for different reasons people go into bankruptcy,’ she said.

‘I went through a really, really tough time the past three years, mental health and this and that.

‘And when you go through that, you might get bills through and you put everything to the side because you can’t cope with anything.’

During a previous court hearing in October 2020, Ms Price apologised to the court, adding: ‘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.’

She also said creditors and officials may think her engagement with them is ‘too little too late’ but that the ‘progress is real’ and she had provided financial information.

Earlier this summer she hit back at internet trolls who questioned her over her bankruptcy, insisting she still ‘owns her £2.5million house’. 

Speaking on TikTok Live on Tuesday, she answered questions from her followers, urging internet bullies ‘not to knock anyone’. 

Rules: Those handling her bankruptcy reportedly have the power to sell Katie’s Mucky Mansion to meet her debts if they see fit

‘I’m bankrupt, yes, but I still own my 2.5million pound house and I’m sat here in the kitchen doing my TikTok to you,’ she said. 

‘Never knock someone who is bankrupt, we all can go there but it doesn’t mean that it is all bad.’ 

Katie continued: ‘Yeah, my company went bankrupt and you deal with it don’t you. So, don’t ever knock anyone because it could happen to you.’

In April, the model dodged a court hearing for a fifth time, in which she was set answer questions over her £3.2million debts.

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