Katie Price posted an advert for weight loss product Nutribuddy on Instagram yesterday
Katie Price was today declared bankrupt at a court after facing further legal action over her spiralling debts.
The 41-year-old former glamour model had been pursued by creditors and the taxman after revealing she has spent her entire £45million fortune.
And her lavish lifestyle which included tens of thousands of pounds spent on shopping, holidays and plastic surgery seems to have now caught up with her.
Today’s court ruling means a trustee could now be appointed to sell off her assets, including her £2million nine-bedroom home in West Sussex.
Price, who has been married three times and has five children, is believed to have debts of £800,000, and has been failing to pay £12,000 a month to her creditors.
She is said to be £100,000 in arrears on mortgage repayments on the home which she allegedly spends £2,000 a month heating by leaving it on all the time.
Price is also believed to have spent £120,000 on housekeepers, gardeners and nannies – and around £25,000 a year on plastic surgery.
She also spends £1,500 a week on manicures and pedicures, £1,000 on hair appointments and £800 on massages every other day, reported the Daily Mirror.
Price used to be able to fund her lifestyle through modelling, reality TV shows and fragrances when she was at the height of her fame in the 1990s and 2000s.
But her only regular sources of income nowadays appear to be her Quest Red TV show My Crazy Life and plugging weight loss products on her Instagram account.
Price’s home looks derelict and deserted in West Sussex today as she was made bankrupt
Price bought the home for £1.35million in 2014, but it has since fallen into a state of disrepair
The grounds of her home in Sussex (pictured today) are strewn with rubbish and the pool is full of dirty water
The huge £2million property in West Sussex has been billed a ‘mucky mansion’ and is being renovated
The mansion (pictured today) boasts nine bedrooms, a two bedroom annexe, 12 acres of land, a pool, tennis court and stables
In March it was revealed she had been on six holidays in eight months – including trips to Spain, Belgium and Thailand – estimated to have cost a total of £25,000.
She has been married to singer Peter Andre, cagefighter Alex Reid and Kieran Hayler – and admitted turning to cocaine as her relationship with the latter deteriorated.
Last month she hired cleaners to clear out her ‘mucky mansion’ after giving fans on her YouTube channel an inside look of the messy property which is being renovated.
And last week it emerged that her beloved pink £75,000 Range Rover had been sold at an auction then put up for sale at an Essex used car dealership in Chelmsford.
JMW Solicitors, who represented the insolvency practitioner overseeing Price’s Individual Voluntary Agreement, brought the case to court today after she failed to stick to the terms of her agreement.
The mother-of-five, previously known as Jordan, chose not to attend or send a lawyer. Adam Taylor, from JMW, said: ‘She hasn’t acknowledged the petition.’
Judge Jonathan Middleton, sitting at the specialist insolvency and companies court, said: ‘I do judge Ms Price to be bankrupt. The date is today and the time is 12:35.’
He added: ‘Ms Price isn’t present or represented so there is, as far as we can identify, no opposition.’
Price is pictured holding Gucci handbags in London on November 4 (left) and after a cosmetic facial procedure in Istanbul in August (right)
Price’s beloved Range Rover has been put up for sale at a used car dealership in Chelmsford
Price has been trying to sell off her pink Fiat Ducato horsebox and a number of her animals
A horse box belonging to Price is pictured at a fragrance launch in Basildon, Essex, in 2013
Her case was heard at the Rolls Building in London today, six weeks after a judge gave the go-ahead for her to be served with another bankruptcy petition.
Price, pictured at Bexley Magistrates’ Court in South East London in February, faced further legal action today
Last November she submitted a payment plan – known as an Individual Voluntary Agreement – over her debts to the High Court.
An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate in a bid to avoid bankruptcy.
However, the renewed bankruptcy proceedings were brought after Price – who had been trying to sell her £300,000 pink horsebox – failed to meet the terms of the agreement.
The I’m A Celebrity… Get Me Out Of Here! star was once worth £45million, but she avoided bankrupcy last year after reaching a deal with creditors.
Over the past two years there have been reports that the ex-model, a keen horse rider, had been trying to sell off her pink horsebox and a number of her animals.
Her £2million mansion, a former home of politician Francis Maude, boasts nine bedrooms, a two bedroom annexe, 12 acres of land, a pool, tennis court and stables.
She bought it for £1.35million in October 2014, but it has since fallen into a state of disrepair, with the grounds strewn with rubbish and the pool full of dirty water.
The star had feared she may be forced to sell her West Sussex mansion (pictured in August 2018) if declared bankrupt
Price was married to Peter Andre (l) from 2005 to 2009, and Alex Reid (r) from 2010 to 2011
Price married Kieran Hayler in 2013, but turned to cocaine as their relationship deteriorated
Earlier this year Price revealed that she has ‘no choice’ but to put her 16-year-old disabled son Harvey, who has autism and Prader-Willi syndrome, into care.
Harvey’s father is former footballer Dwight Yorke, who requested a DNA test to prove that Harvey was his son after he was born. He has since been absent from his life.
Price also has two children with ex-husband Peter Andre, son Junior and daughter Princess, and two with her other ex Kieran Hayler, daughter Bunny and son Jett.
Price was the winner of the 15th series of Celebrity Big Brother and was runner-up in the search for the UK’s entry for the Eurovision Song Contest in 2005.
Price’s new TV series My Crazy Live starts on Monday, December 9 on Quest Red.
£100,000 new teeth. £450,000 on THREE weddings. The obscene spending of Katie Price – the £45m star who is now BANKRUPT
On Tuesday, Katie Price’s spending appeared to catch up with her after she was declared bankrupt at a court in London.
The former glamour model avoided bankruptcy in December last year after agreeing a plan to pay back what she owes. But, at a hearing in London on Tuesday, a judge declared her bankrupt.
Over the years the reality star has splashed the cash on weddings, shiny new teeth, the finest education for her children and holidays aplenty.
Price is also believed to have spent £120,000 on housekeepers, gardeners and nannies – and around £25,000 a year on plastic surgery.
She also spends £1,500 a week on manicures and pedicures, £1,000 on hair appointments and £800 on massages every other day.
As well as Junior and Princess’s private school fees, Ms Price also forks out £35,000 a year on a full-time nanny.
Also on the payroll is a PA called Catherine. Separately, there is an army of professional advisers such as a lawyer and accountant.
£150,000 a year
Her three divorces were all reportedly costly. It’s been suggested that Alex Reid asked for £700,000 after their 11-month marriage; Katie argued that he’d made plenty in TV work and other deals.
She said that marriage was: ‘A mistake . . . A rebound relationship. I realised that pretty soon after I married him, and I got out of that marriage as fast as I could.’
The far more costly divorce from Peter Andre was something she says she never sought: ‘That was his decision, not mine. He’s never, to this day, told me the reason why. We don’t speak. Too much has gone on. I’ll never speak to him again.’
Her first wedding, to faded pop singer Peter Andre at Highclere Castle in 2005, is said to have cost a total of £400,000. This included a £30,000 Isabelle Kristensen dress and a horse-drawn Cinderella coach, hired for £20,000.
She renewed her vows with Andre in 2008 in South Africa as part of a TV show, but the marriage ended the following year.
Her second wedding, to cage-fighter Alex Reid, at the Wynn Hotel in Las Vegas in 2010, was a budget affair — relatively speaking: they spent £10,000 staying in the penthouse flat and only £350 on the marriage package. Afterwards, they went out to strip clubs together. There was a £30,000 renewal later that year at her home in Surrey, but they split a year after that.
Her wedding to third husband, stripper and builder Kieran Hayler, in January 2013 took place on the beach at the Sandals Royal Bahamian Resort and Spa and cost about £600. ‘Sandals my ****! It was more like a smelly old flip-flop,’ she said.
There was a second wedding — featuring 13 bridesmaids — two months later at a hotel in Somerset which cost a bargain £2,000 for catering and a further £2,000 for her dress.
For a long time, Katie has been a fan of sunbeds, saying in 2011 that she goes on one at least three or four times a week for 15 or 20 minutes each time, costing around £35 a week.
‘I cane my body like it’s leather,’ she told one magazine proudly, adding: ‘I don’t even use the goggles.’
She’s also got a sunbed at her home, costing around £4,000.
Ms Price is so addicted that she tried to go to a tanning salon in Caterham, Surrey, when she was pregnant with son Jett in 2013.
Salon manager Abi Williams said they turned her away: ‘Apparently salons near her let her use sunbeds, but as much as she’s a great customer, it’s not worth the risk. She wouldn’t be insured.’
Price also spray-tans herself and has been taught how to use Crazy Angel products — a starter kit costs £150.
more than £20,000
Those massive white piano key teeth are her one regret — and staggeringly they cost the price of a semi-detached home in some parts of the country. They’re the result of veneers put on in 2007 at a mind-blowing cost of £100,000.
‘They were so expensive,’ she moaned last year. ‘When I was in the U.S., I watched Extreme Makeover and went to see the dentist on there — $150,000 my bloody teeth cost me!
‘It’s still my tooth underneath, but they shave them down so the veneer can sit on them. My real teeth look like pegs now. If I didn’t have them, I’d be Miss Peggy.
‘Veneers are the most painful surgery I’ve ever had. Now I have to have an anaesthetic just to get my teeth professionally cleaned. ‘They fall out. They’ve just popped off before when I was eating a burger. They’re glued on, but it has happened. I can’t bite an apple, I have to chop it. I can’t even bite Sellotape. The teeth have no grip because they’re so smooth.’
The one-time glamour model, and author of five autobiographies, has had seven breast enhancement operations and a nose job, costing many thousands of pounds for each operation.
The first implants, in 1998 when she was 19, took her from a 32B to a 32D. The following year she increased in size to a 32DD then in 2000 went up to a G cup. She had another operation in Los Angeles to take her to a 32GG but then decided on a reduction to a FF in 2007.
She wasn’t happy with the result, saying that her breasts had been left too far apart. She had revision surgery in 2012 to take her to an F cup then late last year she had a further revision in Belgium to take her down to a 32C.
Each operation cost around £10,000, with the later revisions costing more.
She said: ‘For the first time in 20 years, when I walk in a room people don’t look at my boobs, they look at my face.’
The nose job was in 2007 and she also had liposuction on her thighs when she was 20.
Most recently the reality star was spotted recovering from surgery on her face after going under the knife at the Comfort Zone Surgery clinic in Istanbul, in August this year. She also underwent a breast reduction.
Pins and Needles
Jordan admits to a long-standing obsession with Botox, at £400 a time, and was even filmed having the procedure in 2008 for the reality show Katie And Peter: The Next Chapter.
By 2009, she was in the habit of flying 3,000 miles to Los Angeles every three months to have it at the S&B Surgery Centre in Beverly Hills and threw a Botox party at a Milton Keynes spa for her hen celebrations before her 2010 wedding to Reid.
In an interview in 2015 she said: ‘I have Botox every four months and that’s it. I have it down the sides of my eyes — three injections on each side. I’m not really wrinkly anyway, so I probably don’t even need it. I only do it because everyone else has it done. Botox isn’t a big deal for me: it’s like going shopping.’
Katie started riding when she was seven and now has a stables and indoor riding ring at her house (where husband Kieran Hayler allegedly used to meet her former best friend Jane Pountney for assignations).
She told Surrey Life magazine in 2010 that she had two dressage horses, plus a Welsh grey pony for Junior.
Horse and Hound reported that one of the horses was worth £150,000 and she’s thought to have spent £400,000 on them in total.
She’s since added to that and now has five horses, plus a huge menagerie of other animals — 80 chickens, two pygmy goats, four dogs and three pigs.
One pig is called Percy and the others have been named Jane and Chrissy in ‘honour’ of her two friends who she claims slept with her husband last year.
All the animals alone cost about £406,000, plus annual upkeep of £30,000. Plus she’s bought herself two horse boxes for around £120,000 each. One’s since been sold. The other, a bright pink number is still very much part of Team Price.
£406,000, plus £30,000 annual costs
The ‘mucky mansion’
Her current home, near Horsham, West Sussex, was bought for £2 million in 2011 when she was engaged to Argentinian model Leandro Penna.
It has six bedrooms, 53 acres of land, stables and outbuildings. But it could soon be sold to pay off debts to her creditors.
Her previous house was in Woldingham, Surrey. She and Peter Andre paid £2.1 million for it, selling it for £2.8 million in 2011.