Katie Price faces the threat of police arrest after failing to attend a court hearing into her bankruptcy.
The former glamor model, 45, has been declared bankrupt for the second time after failing to pay more than £750,000 in unpaid taxes and will now face losing her home unless HMRC can recover the money.
She was You must testify about your finances in Superior Court today and present evidence to a judge about your income to show how you can pay your debts.
However, At the beginning of the hearing, the lawyers said that Katie had told them that she I could not attend less than 24 hours before.
According to The Sun, a lawyer told the judge: ‘It is quite evident that the evidence was presented very late and was not even presented to the court.
Katie Price was declared bankrupt for the second time after failing to pay more than £750,000 in unpaid taxes last month.
Katie stands in front of her house, nicknamed ‘Mucky Mansion’, which she could lose due to her debts.
Katie is already being pursued by creditors over a £3.2 million payout from the bankruptcy of her company Jordan Trading Ltd.
‘As a consequence, we find ourselves in a very serious situation.
“She may be charged with contempt of court, imprisoned, fined or a warrant issued for her arrest.”
Last month, a High Court judge ruled that it should be declared bankrupt after an HMRC official said it had not paid any money owed or responded to any correspondence since the claim over unpaid tax was brought last year.
It is the second bankruptcy Price has faced, as creditors pursue her for a £3.2m payout over the collapse of her company Jordan Trading Ltd, which sells perfumes and cosmetics.
Judge Sebastion Prentis, sitting in the Rolls Building at the High Court, said Price had been served with a petition on November 27, 2023 with a demand for £761,994.05.
The amount is made up of unpaid taxes from the self-assessment of your income between 2020 and 2022, as well as penalties and surcharges.
The amount owed by Katie Price (pictured) is made up of unpaid taxes from the self-assessment of her income between 2020 and 2022.
The judge said he also owed £140,000 in unpaid VAT and added: “As with unpaid tax, no payment has been made.”
Price previously revealed that he did not feel able to attend court to discuss his finances.
Speaking exclusively on the Mail comedy podcast last month, he said: “I just can’t stand going to court. Mentally I can’t do it.’
Katie continued and explained: ‘Since my breakdown. When you are sick and depressed everything accumulates.
‘If you can’t cope with something or you haven’t paid that bill. Communicate, don’t ignore because when you ignore it, it gets worse.
“It bothers me because you don’t know how hard I’ve mentally tried to get out of that rut I was in. A rut where I hanged myself and thought I died.”
Price received documents in October from HMRC informing her of the debt owed, and she did not respond to the complaint.
The judge said: “Miss Price has a substantial debt to HMRC and I will therefore be making a bankruptcy order.”
Price first went bankrupt in 2019 when his company went bankrupt.
She failed to appear at an insolvency hearing on six previous occasions and the model gave an excuse for not showing up on each occasion.
An HMRC source said every effort will be made to recover the money and if it is not paid, assets owed by Price will be seized.
It comes just weeks after Price was fined £880 after being caught driving a Range Rover at a service station on the A14 in Kettering, Northamptonshire, in August 2023, despite having no license or insurance.
He was given eight penalty points and was also ordered to pay £972 in costs in addition to the financial penalty.