Katie Price was discharged from her second bankruptcy yesterday evening – marking the end of her financial hell.
It comes after a £750,000 unpaid tax bill landed the 46-year-old model in hot water last year.
Ms Price was discharged from her first bankruptcy on February 11, 2025.
Her tax debt included income tax, VAT, surcharges, and interest, stemming from self-assessments for the two years up until 2022.
Ms Price expressed her gratitude to her supporters and shared with The Sun: “I can finally move forward and leave these bankruptcies in the past, focusing only on the positive.”
A source added how although the star had been through ‘hell’ she will now ‘re-set and remake her lost millions’.
Her financial difficulties had reached such a critical point that she had to sell her £2 million ‘Mucky Mansion’ for significantly less than its value in an attempt to resolve her financial troubles.
While bankruptcy orders in England and Wales usually last for a year, the automatic discharge of Price’s initial bankruptcy was put on hold, leaving her still obligated to comply with its conditions.
However, the suspension was lifted on February 11 by Insolvency and Companies Court Judge Sebastian Prentis.
Barrister Darragh Connell, representing the trustee of Price’s bankruptcies, said: ‘The public examination of the first bankruptcy can be formally concluded in open court.’
Katie Price was last night discharged from her second bankruptcy – marking the end of her financial hell
It comes after the 46-year-old model found herself in hot water over an unpaid £750,000 tax bill in 2024
The news is the latest chapter in the former beauty star’s long-running financial battle, which has already seen her served an eviction notice from her ‘Mucky Mansion’.
She purchased the property in 2014 from former Tory peer Francis Maude and it featured in a Channel Four series as she attempted to renovate the house.
But Ms Price was evicted for not paying the mortgage in May last year and was forced to sell the rundown nine-bedroom home.
It was put on the market for £1.5million but was later sold for a fraction of the price, with a buyer snapping up the country pile for £1.15million.
Ms Price didn’t see a penny for the sale as it was swallowed up by the debts she previously ran up against the Sussex home.
She has since moved into a new four-bed property in Sussex.
Under the terms of her first bankruptcy, declared in November 2019 Ms Price was ordered to pay 40 per cent of her monthly income from the adult entertainment website OnlyFans until February 2027 to help pay off her debts.
This follows Ms Price being discharged from her first bankruptcy on 11 February 2025. Her tax debt included income tax, VAT, surcharges, and interest, stemming from self-assessments for the two years up until 2022
Ms Price has thanked fans for their support and told The Sun : ‘I can finally move on and put these bankruptcies behind me and now only focus on the positive’
She was then declared bankrupt for a second time last March and must continue to pay money from OnlyFans to the trustee while the second bankruptcy remains in force.
Ms Price was previously due to attend a public examination in August last year, but this was adjourned so she could attend a ‘private interview’ over her finances.
She had been told by a judge to attend the August hearing with ‘no ifs, no buts’, following a warrant being issued for her arrest last July after she failed to attend an earlier court date.
The court heard on February 11 that the private interview took place on September 24 and that this had provided ‘sufficient provision of information’ to avoid the need for a public examination concerning her first bankruptcy.
A public examination related to the second bankruptcy was adjourned until April 8.
Mr Connell said: ‘As to the second bankruptcy, the trustee’s position is that pursuant to information provided by Ms Price, the trustee has been undertaking inquiries with third parties.
‘The outcome of those inquiries is not yet known.’
He continued: ‘It may well transpire to be the case that an application is made to suspend discharge for a limited period, but that is not before the court today.’
