While the life of so called reality TV star Kerry Katona has been anything but boring, news that she has today been declared bankrupt could have a long term detrimental affect on her ability to revive her fortunes. The long running bankruptcy hearing has been adjourned four times but today was the day when the sands of time ran out and HMRC rubber stamped her bankruptcy over an unpaid tax bill.
Ms Katona is not the only star to hit money troubles of late and she will not be the last but she is being held up as an example of the buy now pay later attitude of today. Her initial outstanding tax balance was £417,000 and while she managed to get this down to a more manageable £82,000 the fact she acquired a £115,0…
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