Katie Price has faced bankruptcy proceedings for the second time due to an outstanding tax liability totaling £761,994.05.
The ex-model, previously bankrupt in 2019, failed to respond to HM Revenue & Customs’ (HMRC) claims regarding the debt, as reported in a recent court session.
HMRC’s request for payment dates back to last October, yet Price was absent from the brief court proceeding.
The court learned that the debt stems from self-assessed tax returns for the fiscal years 2020-2021 and 2021-22, encompassing income tax, VAT, penalties, and accrued interest.
Judge Sebastian Prentis of the Insolvency and Companies Court, presiding over the case at the Rolls Building in London, noted the lack of communication from Price and confirmed the legitimacy of the documents presented.
Given the significant amount owed to HMRC by Ms. Price, the judge proceeded to issue a bankruptcy order.
In related developments, Price was mandated in February to surrender 40% of her earnings from the OnlyFans platform for the next three years, as part of a different financial dispute.
She is scheduled for a financial examination in April regarding this matter.
This bankruptcy declaration follows a recent fine of £880 imposed on Price for driving offenses in Northamptonshire last August.
Price has publicly addressed her financial struggles, including on Michelle Visage’s Rule Breakers podcast in August 2023, where she expressed indifference towards potential incarceration.
Additionally, she spoke on Jeremy Vine’s Channel 5 program last March about her mental health challenges and the stigma associated with bankruptcy.
During an October 2020 financial review, Price admitted to difficulties in managing her affairs and comprehending the ongoing issues.
