Reality star and former glamour model Katie Price has been branded the 'Grim Reaper' of business after facing her third bankruptcy in a dramatic financial downfall that has left critics stunned.
Third Time Unlucky for Troubled Star
The 45-year-old television personality was declared bankrupt at London's Rolls Building courts earlier this week, marking her third encounter with financial ruin since her initial bankruptcy in 2019. This latest development comes despite Price's claims of working 'tirelessly' to resolve her monetary issues.
Insiders close to the situation have revealed that Price's financial affairs remain in complete disarray, with one source bluntly stating: 'She's the Grim Reaper when it comes to business - everything she touches financially seems to turn to dust.'
A Pattern of Financial Mismanagement
Price's money troubles have become a recurring theme in her very public life:
- First declared bankrupt in 2019 with debts exceeding £3 million
- Faced a second bankruptcy order just last year
- Now hit with a third bankruptcy despite previous assurances
- Multiple failed business ventures including cosmetics and clothing lines
The mother-of-five has consistently blamed external factors for her financial collapse, citing the COVID-19 pandemic and unreliable business partners among her reasons. However, critics argue that a pattern of poor financial decisions lies at the heart of her ongoing troubles.
Lavish Lifestyle Amid Financial Ruin
What makes Price's situation particularly baffling to observers is her continued display of wealth on social media. Despite her bankrupt status, the celebrity frequently shares glimpses of her luxurious lifestyle, including exotic holidays, designer purchases, and expensive home renovations at her Sussex mansion.
This stark contrast between her public image and financial reality has drawn criticism from financial experts and fans alike, with many questioning how she maintains such an opulent lifestyle while claiming financial hardship.
The latest bankruptcy ruling raises serious questions about Price's financial future and whether she can ever truly escape the cycle of debt that has plagued her in recent years.
