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Katie Price facing bankruptcy: Inside star’s spectacular fall from grace – NEWS.com.au

BRITISH model and businesswoman Katie Price will appear at the bankruptcy court this week as she faces total financial collapse.

The reality star, once worth $AU75 million, is scheduled to arrive at the Rolls Building in London, part of the High Court, for a hearing that could see her formally declared insolvent, The Sun reports.

Price, 40, has been bidding to stave off bankruptcy for months as her once lucrative media empire began to fall apart after the downfall of her third marriage and the collapse of her businesses.

The star is already trying to sell her $AU3.5 million home, which sources claim is burdened with thousands of dollars in debt.

A source said: Katie has always been very proud of her reputation as a successful businesswoman, …

Read the full article at: http://news.com.au/entertainment/celebrity-life/katie-price-facing-bankruptcy-inside-stars-spectacular-fall-from-grace/news-story/7e4c8bb967282328e3b22ff20f4652d6

Category: BankruptcyBy Insolvency Advisory AccountantsAugust 7, 2018

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PreviousPrevious post:Katie Price AVOIDS being declared bankrupt in court – Daily MailNextNext post:Katie Price avoids being declared bankrupt as court hearing is adjourned for three months – Evening Standard

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Katie Price facing bankruptcy: Inside star’s spectacular fall from grace – NEWS.com.au

BRITISH model and businesswoman Katie Price will appear at the bankruptcy court this week as she faces total financial collapse.

The reality star, once worth $AU75 million, is scheduled to arrive at the Rolls Building in London, part of the High Court, for a hearing that could see her formally declared insolvent, The Sun reports.

Price, 40, has been bidding to stave off bankruptcy for months as her once lucrative media empire began to fall apart after the downfall of her third marriage and the collapse of her businesses.

The star is already trying to sell her $AU3.5 million home, which sources claim is burdened with thousands of dollars in debt.

A source said: Katie has always been very proud of her reputation as a successful businesswoman, …

Read the full article at: https://www.news.com.au/entertainment/celebrity-life/katie-price-facing-bankruptcy-inside-stars-spectacular-fall-from-grace/news-story/7e4c8bb967282328e3b22ff20f4652d6

Category: BankruptcyBy Insolvency Advisory AccountantsAugust 6, 2018

Post navigation

PreviousPrevious post:National Stores, Inc. Initiates Lender and Supplier Supported Restructuring – PR Newswire (press release)NextNext post:York Civil in voluntary administration – NEWS.com.au

Related Posts

Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
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