Katie Price’s son Harvey has been forced to quit his £350,000-a-year job after the star was declared bankrupt for the second time.
Harvey has been living at the National Star special care facility in Cheltenham since 2021, but his mother has admitted she ‘can’t pay’ the huge fees after being inundated with an outstanding £750,000 tax bill.
Speaking on her The Katie Price Show podcast, which she shares with her sister, Katie said: ‘I’m having a nightmare at the moment.
‘We were looking for him to stay at his college for another year or if not a traineeship but (the local authority) have not agreed to that.
‘They have given me three months that he has to find another place before July. With someone like Harvey, you need the transition movement, you need to do it slowly.
The court was told that Katie owed £142,405 in tax for the period 2020-2021 and £196,735 for 2021-2022.
Katie Price’s son Harvey, 21, is being forced to resign from £350,000-a-year after Katie, 45, was declared bankrupt for the second time
Harvey (pictured in 2021) has been living at the special institution National Star in Cheltenham since 2021
“I’m trying to find a place closer or something for Harvey, but three months isn’t a long time.”
On Monday, Katie was declared bankrupt for the second time after failing to pay over £750,000 in unpaid tax – and will now face losing her home unless HMRC can recover the money.
The former glamor model failed to appear at a court hearing in London to explain why she has not paid any money to HMRC.
A High Court judge ruled she should be declared bankrupt after an HMRC official said she has failed to pay money owed or respond to correspondence since the claim for the unpaid tax was made last year.
It is the second bankruptcy Price is facing as she is hounded by creditors for a £3.2m payment due to the failure of her company Jordan Trading Ltd.
Judge Sebastion Prentis, sitting in the High Court Rolls Building, said Katie had been served with a petition in November 2023 claiming £761,994.05.
The huge amount is made up of unpaid tax from self-employment on her earnings from 2020 to 2022 as well as fines and surcharges.
The judge said she also owed £140,000 in unpaid VAT, adding: ‘As with the unpaid tax, no payment has been made.
Katie owes £142,405 in tax for 2020-2021 and £196,735 for 2021-2022, the court was told (pictured in front of her home, called ‘Mucky Mansion’, which she could lose because of her debt)
It is the second bankruptcy Price is facing as she is hounded by creditors for a £3.2m payment due to the failure of her company Jordan Trading Ltd.
It comes after Katie was fined £880 after being spotted in a Range Rover at a petrol station in August 2023 despite having no license or insurance
Katie was served with papers in October by HMRC informing her of the outstanding debt – and she has failed to respond to the claim.
The judge said: ‘There is a significant debt owed by Miss Price to HMRC and therefore I will make a bankruptcy order.’
Katie was first declared bankrupt in 2019 when her company went bankrupt.
She has failed to appear for an insolvency hearing on six previous occasions, with the model each time submitting an excuse for her absence.
Creditors are owed £3.2m by her company, which sells perfumes and cosmetics.
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.
The debt to HMRC could see her lose her £2million mansion dubbed the ‘Mucky Mansion’ after it fell into a state of disrepair.
The latest court ruling adds to the problems for Katie, who was fined for yet another motoring offense last week.
She was fined £880 after being caught driving a Range Rover at a petrol station on the A14 in Kettering, Northamptonshire in August 2023 despite having no license or insurance.
As well as being handed eight penalty points – bringing her total to 11 – the mum-of-five was also ordered to pay £972 in costs on top of the financial penalty.