Katie Price is reportedly set to face a new bankruptcy hearing on 27 October after someone anonymously tipped the court off about her lavish lifestyle.
The mother-of-five, 42, who is currently recovering from an operation on her broken feet, was made bankrupt last November after the High Court found she had failed to stick to a plan to repay her debts, estimated to be £800,000.
Katie is now said to be facing a new bankruptcy hearing after someone ‘anonymously tipped the court off’ about her multiple holidays, spending and Instagram advertising.
Claims: Katie Price is reportedly set to face a new bankruptcy hearing on 27 October after someone anonymously tipped the court off about her lavish lifestyle (pictured in 2019)
Since she was declared bankrupt, the former glamour model has enjoyed holidays to Turkey, New York, Spain and Thailand.
Katie has also been utilising her YouTube channel, with 242K subscribers, and using her 2.3 million followers on Instagram to advertise products.
In March, MailOnline revealed that the reality star had relocated from her former home in West Sussex, nicknamed the ‘mucky mansion’, and moved into a £4,250 per month six-bedroom home in Surrey.
The Sun claims that the television personality won’t be ‘discharged’ from her bankruptcy until November and is supposed to pay any money earned to her creditors.
Bankrupt: The mother-of-five, 42, was made bankrupt last November after the High Court found she had failed to stick to a plan to repay her debts, estimated to be £800,000 (pictured with children – Junior, 15, and Princess, 13, and new boyfriend Carl Woods in Turkey in July)
A source told the publication: ‘Katie’s creditors have obviously seen her holidays, the products she’s advertising and her days out on her YouTube channel and tipped off the bankruptcy court anonymously.
‘Katie thinks she knows who it is – it can only be a creditor who has lost out on money when Katie went bankrupt. Her team have been told the hearing will be in court on 27 October.’
MailOnline has contacted Katie’s representative for comment.
The former glamour model, who was once worth more than £40 million, was forced to give up her £1.3million 11-bedroom mansion earlier this year after signing the property over to a trustee.
Ka-ching? Katie is now said to be facing a new bankruptcy hearing after someone ‘anonymously tipped the court off’ about her multiple holidays, spending and Instagram advertising
Jetsetter! Since she was declared bankrupt, the former glamour model has enjoyed holidays to Turkey, New York, Spain and Thailand (pictured flying to Turkey in July with Carl)
She was made bankrupt last November after the High Court found she had failed to stick to a plan to repay her debts, estimated to be £800,000.
The house in West Sussex, where Katie lived with her children, included a swimming pool, tennis court and horse stables.
Katie took out a second mortgage on the property in 2015, but faced monthly payments of £12,300, and is now thought to be £100,000 in arrears.
She is also believed to have spent £120,000 on housekeepers, gardeners and nannies.
With £25,000 a year on plastic surgery, £1,500 a week on manicures and pedicures, £1,000 on hair appointments and £800 on massages, reported the Daily Mirror.
The star 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, her YouTube channel and plugging paid products on her Instagram account.
Earlier this year, Katie was slammed by fans for flaunting her flashy lifestyle, regardless of her financial woes.
New place: In March, MailOnline revealed that the reality star had relocated from her former home in West Sussex, nicknamed the ‘mucky mansion’, and moved into a £4,250 per month six-bedroom home in Surrey
In an Instagram post, the reality personality posed in front of a £45,000 Range Rover Velar 4X4 while clutching a £1,800 Louis Vuitton Onthego GM bag.
Although the onus of the post was to advertise her budget £16 outfit – which she donned to do the weekly food shop – it was a stark contrast against her flashy belongings.
A representative for Katie told MailOnline at the time: ‘This image was taken for a promotional clothing brand. It is commonplace for a model to use props in such set ups.
None were bought for the purpose of the shoot and were re-purposed for the shoot. It is a shame trolls do not cease to feel the need to constantly pick holes and criticise.’
‘Mucky mansion’: The former glamour model, who was once worth more than £40 million, was forced to give up her £1.3million 11-bedroom mansion earlier this year after signing the property over to a trustee (pictured in 2019 on her reality show My Crazy Life)
Katie has been married to singer Peter Andre, cagefighter Alex Reid and former stripped Kieran Hayler.
She is currently loved-up with new boyfriend Carl Woods, 31, following the end of her relationship with on-off beau Kris Boyson.
Carl has been looking after her as she recovers from surgery on her broken feet following a freak accident in Turkey.
Katie is a mother to son Junior, 15, and daughter Princess, 13, with ex-husband Peter and son Jett, seven, and daughter Bunny, six, with her third ex-husband Kieran.
She also has son Harvey, 18, who has multiple disabilities including blindness, Prader-Willi syndrome and ADHA, he does not have a relationship with his biological father, Dwight Yorke.
Missing her babies: Katie has five children Junior, 15, Princess, 13, with ex-husband Peter Andre, Jett, seven, and daughter Bunny, six, with her third ex-husband Kieran, and son Harvey, 18, who does not have a relationship with his biological father, Dwight Yorke