Katie Price reveals ‘the last six years have been hell’ as she opens up on bankruptcy which left her in £750,000 of debt

Katie Price has revealed ‘the last six years have been hell’ as she candidly opened up about her bankruptcy woes. 

The former glamour model, 46, was left in turmoil last year after receiving an unpaid £750,000 tax bill. 

Her situation became so dire at one point that Katie was left with no choice but to flog her £2million Sussex ‘Mucky Mansion’ for a fraction of the price. 

But in March, the star had ‘an enormous weight’ lifted off her shoulders when she was discharged from her staggering tax bill. 

Katie has now opened up on her struggles, admitting that she has ‘learnt her lesson’ on a recent episode of The Katie Price Show. 

Katie Price, 46, revealed ‘the last six years have been hell’ on a new episode of The Katie Price Show where she opened up about her bankruptcy woes

The former glamour model was left in turmoil last year after receiving an unpaid £750,000 tax bill. Pictured in 2017 on Loose Women 

According to a friend, Katie is now raking in around £50,000 a month. Pictured in February 2025

‘I’m not bankrupt anymore! I’m out of it, I’m out of both of them,’ she cried. 

‘The last six years have been hell – mentally and personally – everything has been hell. I’ve worked so hard to communicate and get rid of what caused all the trouble and I’m out of it. 

‘It’s such a nice feeling not to be bankrupt anymore. I’m in control of everything now. 

‘I realised that when you rely on people close to you that are supposed to be sorting out and they don’t, it puts you in s***.

‘So now I’ve learnt my lesson. It’s good that I’ve gone through it and come out of the other end. It’s such a good feeling and a great achievement.’

Katie had purchased her sprawling nine bedroom mansion in 2014 from former Tory peer Francis Maude, and it actually featured in a Channel Four series during its renovation. 

But Katie’s eviction last May came after the-mother-of-five was unable to pay the mortgage. 

She now lives in a smaller four bed property in Sussex. 

‘I’m not bankrupt anymore! I’m out of it, I’m out of both of them,’ Katie said on her new podcast

The model had racked up debts including income tax, VAT, surcharges, and interest, stemmed from self-assessments for the two years up until 2022

On her now podcast, however, Katie revealed she actually returned to her old grounds to ride her horse recently.

‘No one would believe this because obviously my old house now been sold, but I ended up riding the horse around my old fields,’ she said.

‘It was really weird, just walking around thinking – this used to be my field. 

‘In the end, there was so much wrong with that house I was actually glad to get rid of it’. 

Katie’s solicitor, Chris Keane from Fieldfisher LLP, explained that without specialist insolvency advice the star didn’t understand the bankruptcy process.

The model had racked up debts including income tax, VAT, surcharges, and interest, stemmed from self-assessments for the two years up until 2022.

But after seeking the advice of solicitors, Katie was fully compliant and was ultimately discharged. 

And following her discharge, things seem to be on the up for the model, with one her pals telling The Sun that she is raking in £50,000 a month after shooting a campaign with Diesel, landing a major film role and signing a lucrative deal with OnlyFans.

‘She has 2.7million followers on Instagram and can charge thousands for a post or story – she also has plans for an underwear range and perfume one,’ her friend said.

‘Katie is a real workhorse and is determined to claw back her fortune and get onto that Rich List, rubbing shoulders with oligarchs, CEOs and footballers.’ 

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