According to reports, the former model and entrepreneur supposedly blew all of her money. But, fortunately for Price, she managed to avoid complete bankruptcy through a special deal laid out by her attorneys-at-law.
During a court hearing at the Rolls Building, London, Katie’s team of lawyers submitted an application for an individual voluntary agreement which means she’ll have to pay back her creditors in small chunks.
On the October 30th, officials will hear her case, and if it’s accepted, the creditors won’t have to take her mansion. This comes after Katie’s West Sussex house went up for sale, which she bought for over $1.5 million in 2014.
At one point in time of her life, Katie had around $58 million to her name , but now she’s had a number of different unfortunate life circumstances which led to her turn of bad luck.
After she dealt with a couple of different cheating scandals, Price decided to end her marriage to Kieran Hayler, 31, after he supposedly slept with the nanny.
Moreover, Price has been dealing with the recent diagnosis of her mother’s lung sickness. In 2017, doctors diagnosed Amy Price with idiopathic pulmonary fibrosis.
This is a far cry from Katie’s former lifestyle, who used to be renowned for being a competent and fortunate businesswoman. In the 2000’s, she made a lot of money from reality television shows as well as her lingerie collection. Her total net worth was valued at approximately $58,000,000.
The star also sold over three million copies of her books. However, she’s had two divorces, which will probably soon be three, and the fallout of her company has been another devastating blow to her finances.
Additionally, Katie supposedly had to spend around $13,000 on a new bedroom after her personal trainer, Kris Boyson, refused to sleep in the bed that her ex-husband slept in. It’s unfortunate that Katie’s luck has turned this sour.