Katie Price’s Costly Lifestyle

Katie Price has once again been told to tighten her purse strings after a bankruptcy court ordered her to curb what a judge described as her “extravagant pattern of expenditure.”

The former glamour model and reality TV star is now required to hand over 40% of her monthly income from several of her businesses to the trustee of her bankruptcies until February 2027. This comes as part of an ongoing income payments order (IPO) following her repeated financial troubles.

On Thursday (October 9), a specialist bankruptcy court approved a second IPO, expanding the order to include ten more companies linked to the star covering her media ventures, entertainment firms, and even her management partnership.

Neither Price nor representatives from the companies attended the hearing. However, Deputy Insolvency and Companies Court Judge Stephen Baister noted that she had “every opportunity to appear and to make representations.”

Making the ruling, Judge Baister remarked:

“The bankrupt’s expenditure seems to have exceeded her income, but that is only because she has adopted an extravagant pattern of expenditure, that of course she is now going to have to trim somewhat.”

Court documents revealed that Price failed to meet earlier financial obligations under a previous IPO, including a £25,000 lump-sum payment and monthly instalments of £12,500.

Despite her reported earnings from ventures such as OnlyFans and social media influencing, the court heard that she had not made any of the required payments. Her trustee’s barrister, Rowena Page, said the new order was necessary “for the benefit of Ms Price’s creditors.”

Price’s financial woes have stretched back years. Declared bankrupt in 2019 over unpaid debts and again in 2024 for a £750,000 tax bill, she has repeatedly faced scrutiny over her spending habits and failure to meet repayment obligations.

While both bankruptcies have since been discharged, the new ruling ensures that Price’s finances will remain under court supervision at least until early 2027.