Katie Price dodges £250k of bills by handing over just £21k to creditors after the bankrupt star’s company officially folds
Katie Price has dodged £254,000 of bills by handing over just £21,000 to her creditors.
The former glamour model, 44, owed £234,000 in tax and £20,000 to business creditors of her Jordan Trading Company.
But now accountants have now finished liquidating the failed firm and this week revealed that they have handed over 8p for every pound she owed to HMRC and the other creditors.
Finances: Katie Price has dodged £254,000 of bills by handing over just £21,000 to her creditors
That’s despite the star just undergoing another bout of plastic surgery and jetting off to Thailand and a string of other holidays this year.
The firm did receive a £25,000 payment from the failed clothing firm Jigsaw group.
Katie – who in total owes around £3million – received a bill for £234,470 from HMRC for her failed firm Jordan Trading Ltd – that took in cash from her failed perfume and cosmetics empire
Difficult: The former glamour model, 44, owed £234,000 in tax and £20,000 to business creditors of her Jordan Trading Company
The firm went belly up in 2017.
Accountants liquidating Jordan Trading said they had given up trying to claw back any cash from her against a loan she took out from the firm.
They said a £154,423 loan taken from the firm’s coffers by director Katie was unlikely to be paid back to help clear claims by creditors to Jordan Trading totalling £267,769.
A liquidator for London firm Moorfields said in a report filed to Companies House: ‘I have been in correspondence with the Director’s Trustee in Bankruptcy to establish whether there maybe any future dividends paid to the Director’s creditors.
Experts: But now accountants have now finished liquidating the failed firm and this week revealed that they have handed over 8p for every pound she owed to HMRC and the other creditors (pictured at her Mucky Mansion)
‘The Director has failed on multiple occasions to attend on the Trustee and the Director has subsequently had their discharge suspended due to non-cooperation.
‘We have been advised that creditors in the bankruptcy estate now total approximately £3.265million.
‘As such, the company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors.
‘Given that any realisation from the Director’s estate will likely be watered down with protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, it is likely the overdrawn director’s loan account may no longer be economically viable to pursue.’
Interesting: That’s despite the star just undergoing another bout of plastic surgery and jetting off to Thailand and a string of other holidays this year (pictured)
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