Katie Price faces losing around half monthly income from OnlyFans
After a court ruling following her bankruptcy case, Katie Price faces losing nearly half her monthly income from OnlyFans.
Katie Price faces losing nearly half her monthly income from OnlyFans after a court ruling.
The former glamour girl, 45, was declared bankrupt in November 2019 from her failed company Jordan Trading Ltd – set up to oversee her perfume and cosmetics line – and London’s High Court has now been told by barrister Darragh Connell – who was representing the business’ trustees Katie had previously reached a voluntary agreement over her debts but failed to pay up.
A judge heard on Thursday (29.02.24) Katie – once worth £45 million – has not paid any of the £12,500 monthly payments she agreed to make in April 2023.
It was ruled after the hearing 40 per cent of her income from OnlyFans, as well as two clothing companies and a paparazzi agency, will go towards the debt each month for the next three years.
Judge Catherine Burton said: “A significant aspect of Ms Price’s failure to cooperate has been her failure to provide full details of her income, which comes from various sources.”
Katie, who racked up debts of £3.5 million, has failed to appear at the hearings but is due to face questions about her finances in April.
She last year bragged she made thousands of pounds on X-rated site OnlyFans since 2022, and hitting out at rumours she had only made £150, she said: “Do you think someone who’s been doing that career for 25 years is only going to make £150?
“Maybe put a couple more zeros on that.”
A previous hearing in September was held in private after a “petrified” Katie accused people following the case online of recording and taking screenshots of proceedings.
