Overview
- A specialist bankruptcy court granted a second income payments order requiring 10 additional companies to divert 40% of Katie Price’s monthly income to the trustee for three years.
- An earlier order remains in force, requiring 40% of her monthly income from several companies to be paid to the trustee until February 2027.
- The trustee’s barrister said Price failed to make a £25,000 lump-sum payment and any of the 34 monthly £12,500 instalments required under the first order, though more than £124,000 has been paid via covered companies.
- Deputy Insolvency and Companies Court Judge Stephen Baister said Price has adopted an extravagant pattern of expenditure and must trim her spending.
- Neither Price nor the 10 companies attended the hearing, and the judge noted she had every opportunity to appear; both of her bankruptcies were discharged earlier this year but the orders persist because they were sought before discharge.