Katie Price faces new probe into her finances over her £3.2million debt

Former glamour modelKatie Priceis allegedly having her finances looked into due to being in £3.2 million worth of debt, leading to questions as to how she funds her lavish lifestyle.

The mum-of-five is facing claims that she hasn’t been paying her creditors, despite reportedly earning hundreds of thousands in TV deals and brand collaborations.

With this in mind, Katie’s bankruptcy trustees are apparently drawing up documents of all her recent deals with the intention of meeting with the 43 year old next month to discuss the matter.

Katie, who was once worth £45 million, was declared bankrupt in 2019. She was then ordered to pay £12,000 a month to her creditors.

Since then, the former I’m A Celebrity… Get Me Out Of Here! campmate is believed to have earned a six-figure sum from Channel 4 for her new renovation show, Mucky Mansion,The Mirrorreports.

As well as this, the BBC paid her a sum of money for its documentaries on her son Harvey, and she is thought to be paid for the frequent promotions she does on her Instagram page.

She also receives payment for advertisements on her YouTube channel, where she boasts 356,000 subscribers.

Despite being in a large amount of debt, Katie’s has recently holidayed in Maldives, Portugal, Spain, Las Vegas and Turkey.

She has defended her trips abroad, and insisted that almost all of them were for business purposes.

Discussing the pending probe, a source said of the trustees: “They are casting the net far and wide to assess how much money is coming into Katie’s coffers.”

OK! has approached Katie’s reps for comment.

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Katie’s next court hearing is said to be scheduled for 14 February, after it was postponed at the end of last year.

The hearing will assess her efforts to pay back her debt owed to her creditors of her company Jordan Trading Ltd. This was set up in 2003 to oversee her perfume and make-up lines.

As per The Mirror, liquidating company Moorfields wrote in a report in April 2021 that Katie had “failed on multiple occasions to attend on the trustees” and had her “discharge [from bankruptcy] suspended”.

News of her upcoming finance probe comes afterKatie’s family have allegedly urged the 43 year old to return to The Priory for further treatment.

A source said: “Her life is just so chaotic and all over the place. She needs a period of recalibration and rehab is the best option, currently.”

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