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Edinburgh Live
3 days ago
- Business
- Edinburgh Live
Katie Price says she's 'discriminated' against as she gives update on bankruptcies
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Katie Price has expressed her frustrations over perceived discrimination following her two bankruptcies despite being recently discharged from them. The 47 year old ex-glamour model, who once boasted a £40 million fortune, has spoken candidly about her financial tribulations, which saw her face a significant tax debt exceeding £750,000 and led to two bankruptcies within a challenging six-year period. Despite clearing her debts last March and looking forward to future triumphs, Katie has faced ongoing issues. Last year, after leaving her 'Mucky Mansion', the mother of five disclosed difficulties with securing a new home, attributing this to estate agents harbouring a "black mark" against her due to her publicised monetary struggles. She recounted instances where agents told her properties had been let to others after she showed interest, only to find they remained available—a situation that leads her to sense unfair treatment as she attempts to rebuild her life. Speaking on her podcast, 'The Katie Price Show', Katie voiced her determination: "I love it how I have gone through all what I have because I will get there again." She expressed frustration: "I just have a problem with when you have been in a bankruptcy, you just can't get anything. It is so annoying because I earn such good money. I earn, like I did back in the day, really good money but it makes no difference if you earn the money." Katie explained: "Once you get that black mark against your name, there's nothing you can do. Even when I go to rent a house, as soon as they know its my name, it is discrimination.", reports the Mirror. "They are like 'Oh no, no' and I am like 'Oh is it because of what you've read?'. Does it really matter, I have got the money and I can pay upfront. It's the name that puts people off and it's such discrimination." Katie was initially declared bankrupt in December 2019 for one year. At the time, her worth was estimated to be £40 million. Join Edinburgh Live's Whatsapp Community here and get the latest news sentstraight to your messages. She then agreed to make monthly payments of £12,000 to her creditors in an attempt to clear her debt. However, this was unsuccessful, and by July 2020, Katie found herself back in court for another bankruptcy hearing. She informed the court she was living in a rental property that cost her £4,200 per month. Then, in March 2024, during a brief hearing held at the Rolls Building, Insolvency and Companies Court in London, Katie was declared bankrupt a second time. During this hearing, it emerged that she owed £761,994.05 to HMRC, and the court found that she had failed to address this debt. Earlier this year, Katie announced her discharge from bankruptcy, expressing her relief: "I'm so happy. I can finally move on and leave these bankruptcies behind me, focusing only on the positive. Thank you to everyone who supported me throughout this process."
Daily Mirror
3 days ago
- Business
- Daily Mirror
Katie Price has 'black mark' over name after being rejected for rental houses
Former glamour model Katie Price has claimed she is discriminated against as she gave an insight into her life since being cleared of her two bankruptcies earlier this year Katie Price has shared her frustrations following her two bankruptcies as she claims she is discriminated against. The former glamour model, 47, has been open about her financial woes over the years. She has endured a tumultuous six years of money struggles, including two bankruptcies. The second of which happened following a significant tax debt of more than £750,000. However, in March she revealed she has been discharged from this - and is now ready to enjoy successes in the future. Katie, who once had a fortune of £40million, has still been hit by the consequences of her bankruptcies despite being cleared. The mum-of-five has revealed her financial situation is still hammering her life, having moved out of her Mucky Mansion last year. Following the move, Katie admitted she struggled to find somewhere else to live. She has claimed estate agents held a "black mark" against her name due to her well-known finances. Katie said she would receive calls from agents explaining properties had been rented to someone else after she expressed interest, yet claims they were still up for rent. It has left Katie believing she is being discriminated against as she tries to move forward. Speaking on the Katie Price Show podcast, Katie said: "I love it how I have gone through all what I have because I will get there again. "I just have a problem with when you have been in a bankruptcy, you just can't get anything. It is so annoying because I earn such good money. I earn, like I did back in the day, really good money but it makes no difference if you earn the money." She explained: "Once you get that black mark against your name, there's nothing you can do. Even when I go to rent a house, as soon as they know its my name, it is discrimination. "They are like 'Oh no, no' and I am like 'Oh is it because of what you've read?'. Does it really matter, I have got the money and I can pay upfront. It's the name that puts people off and it's such discrimination." Katie was first declared bankrupt for a year in December 2019, despite her worth being estimated at £40million at the time. She agreed to pay an eyewatering £12,000 a month to creditors in a bid to dig herself out of debt. Unfortunately, this plan proved unsuccessful, and in July 2020, Katie was back in court at a bankruptcy hearing, where she revealed she was living in rented accommodation which was costing her £4,200 a month. In March 2024, Katie was declared bankrupt a second time during a short hearing at London's Rolls Building, Insolvency and Companies Court. At the hearing, it was heard that Katie owed £761,994.05 to HM Revenue and Customs (HMRC), and that she had not responded in regards to the debt. Earlier this year, Katie revealed she has been discharged from her bankruptcies as she celebrated: "I'm so happy. I can finally move on and leave these bankruptcies behind me, focusing only on the positive. Thank you to everyone who supported me throughout this process."
