Katie Price is now focused on rebuilding her fortune, which was estimated to have cost an estimated £100 million. She has come to an end to six years of financial turmoil.
Former glamour model Katie Price celebrated overcoming her second bankruptcy on Tuesday – and has vowed to enjoy a healthy financial future.
The mum of five has endured a tumultuous six years of financial struggles, including two bankruptcies. The second of which happened following a significant tax debt of more than £750,000. However, she revealed she has been discharged from this – and is now ready to enjoy successes in the future. In full, Katie’s statement on Tuesday read: “I’m so happy. I can finally move on and leave these bankruptcies behind me, focusing only on the positive. Thank you to everyone who supported me throughout this process.”
The statement comes after Katie was discharged from her first bankruptcy on February 11, 2025. The TV star, originally from Brighton, East Sussex, is now “free to reset and rebuild,” a friend said on Tuesday.
The celebrity’s net worth once exceeded £100 million, but she has experienced difficult times in recent years due to her debt, which includes unpaid income tax, VAT, and other surcharges.
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Speaking to The Sun, a source close to Katie said: “She’s been through a lot, and this feels like a massive weight has been lifted off her shoulders. It’s been hanging over her like a cloud, but now she’s free to reset and rebuild. If anyone can make her millions back, it’s Katie.”
Despite setbacks, including a court order to pay OnlyFans 40% of her monthly income until 2027, Katie is now optimistic. She also incurred an arrest warrant after skipping a court appearance related to her finances, but she has since made significant progress in observing bankruptcy laws.
Katie’s attorney, Fieldfisher LLP’s Chris Keane, stated that “at first, Katie didn’t fully understand the bankruptcy process or the repercussions of missing meetings with the Trustee. She has been fully compliant and has been discharged from both bankruptcies, but she has worked with expert insolvency lawyers.
As she sat in line for a hearing to settle her finances, Katie received one of her bankruptcy discharges last month. After first being declared bankrupt in 2019, she was scheduled to answer questions about her finances at a hearing called a public examination.
Although bankruptcy orders typically expire in England and Wales after a year, she was still bound by the terms of her first bankruptcy, which was automatically discharged.