29 February 2024 , 18:41
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Katie Price will lose half of her monthly earnings, a High Court has ruled.
The reality was declared bankrupt in November 2019. During a hearing in London, barrister Darragh Connell, who was representing the trustees told the court that Price had reached a voluntary agreement over the debts – but had failed to make payments. Connell told a bankruptcy hearing judge that the previous agreement included 36 payments of £12,500, as well as a lump sum.
The court heard that trustees went to court to ask for an income payments order, meaning money from any salary towards Price's debts. Listed were four companies, including the adult-only subscription site, OnlyFans, as well as a photographic agency, Backgrid. At the end of the hearing, Insolvency and Companies Court Judge Catherine Burton said the four companies are "obligated to deduct 40% of the income due to be paid to Ms Price" each month for the next 36 months.
Katie has been ordered to pay a substantial amount back (@katieprice/instagram)
The model has to make 36 monthly payments of £12,500 (Getty Images)40% will be paid to a specific bank account which had been chosen by the trustees, Burton said. The court was told that Fenix International Ltd, the parent company of OnlyFans were not disputing the order against Katie.
The former glamour model's last bankruptcy hearing in September turned into chaos when the 'petrified' model accused people of taking recordings and screenshots of the virtual proceeding. Just before the remote hearing was due to begin, Katie told Judge Paul Greenwood her “anxiety levels have gone up” and that he had been “screenshotted”, with his picture allegedly on a “tattle site”.
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She said: There are people already on here who shouldn’t be on here. It’s an awful site that gives me anxiety,” Price said, later adding: “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 just slag everyone off. I’m petrified.” She later added: “They are already saying I’m going to jail on there.”
Price, who joined the online hearing as “Kate” and did not turn on her camera, accused one individual following proceedings under an apparent alias of “recording everything” and being “here to slag me off”. The person, who identified herself as a “member of the public”, denied taking screenshots.
Judge Greenwood told those joining the hearing, held on Microsoft Teams, it is contempt of court to screenshot or record proceedings. He concluded that the hearing – which was due to last 15 minutes and cover the future direction of the case – should be held in private, with only the parties and lawyers able to stay. “I simply cannot know who is in court remotely,” the judge said, adding he also could not be sure that the “integrity” of the hearing was being “affected by recordings”.
At a previous hearing in July, the judge said Price should face questions about her finances, with the court being told a public examination had previously been adjourned. Barrister Darragh Connell previously said trustees were seeking re-listing of the questioning after Price breached a payment agreement.
Speaking about her woes in August 2023 Katie said she was “fed up” of being threatened with legal action and would go to prison to be “done with it all”. Speaking to TV personality Michelle Visage on her Rule Breakers podcast, Price discussed her bankruptcy and said she had recently been to court “more times than I’ve had hot dinners” and would “genuinely” not care if she was jailed.
In March, Price told Jeremy Vine’s Channel 5 show that people should not be “ashamed” of being declared bankrupt and she had been struggling with her mental health in recent years. During a hearing in October 2020, Price 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.”
She said creditors and officials may think her engagement with them is “too little, too late” but the “progress is real” and she had provided financial information.