BANKRUPT Katie Price has claimed to be sitting pretty in her mucky mansion – but there is a reason she hasn’t sold the ‘£2.2m’ property.
If Katie’s valuation of the house is correct, there’s a tasty profit to be made from on the £1.35m she paid for the place in 2014.
It would go some way to easing her financial woes – but there’s one major problem: she isn’t actually allowed to sell it.
The home has a string of restrictions in place relating to cash she borrowed to fund it and subsequent money leveraged against the value of the house.
Land Registry documents linked to the address show bankruptcy notices that explain Katie cannot sell up without permission from the courts.
The most recent reveals: “BANKRUPTCY RESTRICTION entered under section 86(4) of the Land Registration Act 2002, as the title of the proprietor of the registered estate appears to be affected by a bankruptcy order made by the High Court of Justice (Court Reference Number 1040 of 2019) against Katie Price also known as Katrina Amy Alexandra Alexis Price (Land Charges Reference Number WO 46637/19).
“No disposition of the registered estate is to be registered until the trustee in bankruptcy of the property of the bankrupt is registered as proprietor of the registered estate.”
Katie’s financial affairs were discussed today at an insolvency hearing in London, but she did not attend.
Yesterday the model spoke on TikTok Live and answered questions from her followers. She urged internet bullies “not to knock anyone”.
In the video, she explained: “I’m bankrupt, yes, but I still own my £2.2million house and I’m sat here in the kitchen doing my TikTok to you.
“Never knock someone who is bankrupt, we all can go there but it doesn’t mean that it is all bad.”
