In a remarkably candid and exclusive interview with The Mirror, Katie Price has finally broken her silence on her most recent bankruptcy ordeal, defiantly stating she has no intention of 'running away' from her substantial financial troubles.
The 45-year-old media personality, who was declared bankrupt for a second time in March, appeared at a virtual court hearing this week. Price spoke openly about the immense pressure and scrutiny she faces, yet remained resolute in her commitment to confronting her debts head-on.
'I Will Pay What I Owe': A Vow to Creditors
Addressing the situation directly, Price made a firm promise to her creditors. 'I’m not running away from it all – I will pay what I owe,' she asserted. Her declaration comes amidst a complex financial landscape that includes a significant tax bill and other outstanding debts.
The reality star revealed that her famous West Sussex home, often referred to as the 'Mucky Mansion,' is not included in the bankruptcy estate. This is because the property is held in her mother's name, a detail that adds a layer of complexity to her financial proceedings.
The Emotional Toll of Financial Struggles
Beyond the numbers and legalities, Price spoke emotionally about the human cost of her very public financial collapse. She described the process as 'horrible' and admitted to feeling deeply 'embarrassed' by her situation.
Her financial woes have been a persistent feature of her life in the spotlight. She was first declared bankrupt in 2019 over unpaid debts, and this latest development marks a significant setback in her ongoing efforts to achieve stability.
A Glimmer of Hope and Future Plans
Despite the gravity of her circumstances, the interview wasn't without a note of optimism. Price hinted at a potential turnaround strategy, suggesting that a future project could provide the necessary funds to settle her debts with HM Revenue and Customs (HMRC) and other claimants.
This open dialogue with The Mirror signifies a strategic shift for Price, choosing to confront the narrative directly rather than let it be defined by court reports and rumours. Her story continues to unfold as a stark, public case study on the perils of fame, finance, and life under the relentless gaze of the media.
