KATIE Price has revealed the ‘real reason’ she became bankrupt as she prepares to give evidence in court.
The former glamour model, 45, was declared bankrupt in 2019.
Katie, who has debts of more than £3m, is set to appear in front of a judge next month after avoiding being grilled in person since November 2021.
The star recently spoke out about her debts and opened up about how it all happened.
Appearing on Jamie Laing’s Private Parts podcast, Katie said: “Can I just say something? So many successful people go through bankruptcy
“Mine is to do with exes.
“I went through a breakdown, this is how mine started – lawyers and exes, that is my bankruptcy thing.
“And obviously a bit of HMRC.
“When I had my breakdown, if anyone has been depressed …. I don’t know if you’ve ever had depression…
“It starts with depression and you just want to sleep all day and not talk to anyone, the phone would ring and you wouldn’t answer it.
“Then bills would come through and you couldn’t face opening it and you didn’t have the energy to pay bills and everything just comes crashing down and you’re in this situation where it’s got bad.”
Katie will soon present a case to the court on September 14 to reveal how she will settle her debts.
In January Katie insisted being declared bankrupt was “not the end of the world“.
She said: “Anyone who is out there in a bankruptcy, it’s not the end of the world.
“Lots of people go into bankruptcies, and I think it’s quite good that I am in a bankruptcy, it’s made me re-value things.
“Everything in my life is now in place, never be embarrassed about being in a bankruptcy.”
