Reality television star and former glamour model Katie Price is facing her most severe financial crisis to date, with court documents revealing she could lose up to half of her income to settle mounting debts.
The Income Payments Agreement
According to recent legal filings, Price has entered into an Income Payments Agreement (IPA) with the official receiver handling her bankruptcy case. This arrangement could see a staggering 50% of her earnings being redirected to creditors for the next three years.
Mounting Financial Pressures
The 46-year-old celebrity's financial troubles have been escalating dramatically:
- Outstanding tax bills owed to HMRC totaling approximately £750,000
- Additional bankruptcy debts pushing her total liabilities even higher
- Multiple county court judgments for unpaid bills
- Previous bankruptcy declarations in 2019 and 2021
Income Streams Under Pressure
Price's diverse income sources, which include OnlyFans subscriptions, television appearances, and various business ventures, now face significant reduction. The IPA means that half of everything she earns above essential living expenses will be claimed to repay her substantial debts.
A Pattern of Financial Struggles
This latest development represents the culmination of years of financial challenges for the mother-of-five. Despite earning millions throughout her career in modelling, television, and publishing, Price has repeatedly found herself in court over unpaid bills and tax obligations.
The court's intervention marks a critical turning point, potentially forcing dramatic lifestyle changes as the reality star comes to terms with her significantly reduced financial circumstances.
