Why Katie Price owes Alex Reid money after court ordered her to pay £175,000

Why Katie Price owes Alex Reid money after court ordered her to pay £175,000

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Alex Reid claimed to be “heading the campaign to expose the truth” after releasing video of ex-wife Katie Price waving a wad of cash while bankrupt.

Why Katie Price owes Alex Reid money after court ordered her to pay £175,000(Image: PA)

Alex Reid recently said he was ‘spearheading the campaign to expose the truth’ as he leaked video footage of Katie Price waving a wad of cash while bankrupt. The former Big Brother star, 50, reacted to the video and questioned whether his legal team had seen the footage.

Katie was seen lounging on a sofa in the video saying she was enjoying counting the amount of money in front of her before adding, “I’m just sorting it out.” When asked by her daughter Princess if she would contribute to Peter Andre’s ex-husband’s tuition, Price responds, “Your dad can sit on that,” and raises her middle finger.

She continues, “Does he go about it a lot? ” while sitting next to a Christmas tree in white jodhpurs. I’ll be in bankruptcy by May 1st, so that’s tough.

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Katie Price
Alex released a video of her waving a wad of cash while bankrupt(Image: Getty Images for The Cambridge U)

Katie, who was previously bankrupt twice over debts totaling more than £3 million, also referred to a property she claimed to own but whose bankruptcy trustees do not believe her to have followed.

Alex, who claimed the “truth will now be heard,” made the claim in the video. The two have a challenging relationship, with Alex and Katie frequently having disagreements.

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The star’s representative stated that Katie’s representative had shared a video with the trustee’s office in bankruptcy several months ago and that she had fully cooperated with the trustee’s inquiries.

Katie Price and Alex Reid
Katie was ordered to pay Alex £175,000(Image: Getty Images)

The property referred to in the financial settlement settlement proceedings resulting from Katie’s divorce from Peter Andre was handled by the parties involved in the incident. The property is known to Katie’s bankruptcy trustee, who has undoubtedly looked into whether or not the same should be included in the bankruptcy estate.

She was declared bankrupt twice, first in 2019 for debts totaling £3.5 million, including £970, 639 to HMRC, and then again in March for a second £761, 994 unpaid HMRC demands for money made while she was already bankrupt.

Alex Reid is among the borrowers who are owed £175, 000 in damages and costs from the High Court after Price revealed a sex tape he claims was filmed without his knowledge.

After it was claimed she allegedly showed a sex tape to the audience of Celebrity Big Brother’s Bit On The Side, Alex announced in 2018 that he would pursue legal action against her.

Katie claimed she didn’t have any ‘videos or sexual images on her phone’ of Alex in a lengthy statement shared online at the time.

Katie’s behavior was described as “persistent, flagrant, arrogant, high-handed, and inexcusable,” according to High Court judge Mr. Justice Warby, who in court ordered her to pay damages in addition to paying legal costs of £150, 000.

She was criticizing me the most, Alex claimed, and said: “She was saying the most disgusting things about me.” People were laughing at me constantly, and it was having an impact on my work.

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Source: Mirror

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