Entertainment

Monday 24 June 2019

Katie Price finances hearing adjourned at High Court

A judge at the Rolls Building in central London agreed to put off a hearing while the former glamour model tries to reach an agreement with creditors.

A High Court hearing over Katie Price’s finances has been adjourned until October (Ian West/PA)
A High Court hearing over Katie Price’s finances has been adjourned until October (Ian West/PA)

By Sian Harrison and Sherna Noah, Press Association

A High Court hearing over Katie Price’s finances has been adjourned for nearly three months.

A judge at the Rolls Building in central London agreed to put off a hearing while the ex-glamour model, formerly known as Jordan, tries to reach an agreement with her creditors.

The 40-year-old did not appear for the hearing on Tuesday, which lasted less than two minutes.

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Katie Price and Kieran Hayler (Ian West/PA)

Price has tied the knot three times and has recently been in the headlines over the collapse of her latest marriage to Kieran Hayler.

The former I’m A Celebrity … Get Me Out Of Here! star was once said to be worth more than £40 million.

A representative for the reality TV star told the Press Association: “Katie is aware of the hearing and is working with her advisers to resolve her current financial issues.

“She hopes to be in a position to do so and reach agreement with her creditors.”

Judge Barnett, sitting in a specialist insolvency and companies court, was told that Price and her creditors had agreed to an adjournment of the case to allow time for the consideration of a Individual Voluntary Agreement (IVA).

An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate, in a bid to avoid bankruptcy.

The judge agreed to adjourn the case until October 30.

Press Association

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