Katie Price has been ordered to fork out almost half her monthly earnings to settle debts. A judge highlighted her “extravagant” spending ways, saying it’s time to tighten the purse strings. Despite being declared bankrupt in 2019 and once more in 2024 due to an unpaid tax bill, Price has successfully discharged both. However, she’s still under a court order to pay off her creditors.
The court has ruled she must pay 40% of her income from multiple companies until 2027. The latest decision now ropes in ten more companies, further insisting on the same income split. The judge noted that, despite these significant payouts, Katie is still earning more than most could dream of and should be able to meet her family’s needs comfortably.
Earlier in February, Price was slapped with an order to fork out a lump sum of £25,000 alongside £12,500 monthly, but apparently, she hasn’t made good on those commitments yet. However, over £124,000 has already been collected from the companies covered under the initial order.
With the clock ticking, it’s evident Ms Price has been making big bucks as an influencer and thriving in the digital sphere. This latest ruling is designed to ensure her creditors get paid while she continues to enjoy substantial income.
The journey since her first bankruptcy has been quite the financial saga, including cooling her heels on an arrest warrant for missing a court appearance. The court’s decision might be a wake-up call to start prioritising responsibility over luxury. What does the future hold for the star? Only time (and better budgeting) might tell. Stay tuned!