Katie Price has been hit with another financial blow after a judge ruled she must hand over nearly half of her monthly income to pay off debts — calling her spending “extravagant” and unsustainable.
The 46-year-old reality star, who was first declared bankrupt in 2019 and again in 2024, is now under a second income payments order (IPO) forcing her to give 40% of her earnings from ten companies to the trustee of her bankruptcies until 2027.
Judge Stephen Baister said Price had “every opportunity” to defend herself but failed to attend the latest court hearing. He noted that her lavish lifestyle was “far beyond her means” and warned she would now have to “trim” her expenses.
The new ruling means the former glamour model’s income from several ventures — including her social media deals, public appearances, and her OnlyFans platform — will be docked every month. Despite her troubles, the judge acknowledged she still “enjoyed considerable success” and continued to earn “significant” sums.
According to court documents, Price failed to pay a £25,000 lump sum and missed all 34 monthly instalments of £12,500 under her first IPO. Barrister Rowena Page, representing the trustee, said over £124,000 had so far been recovered from her companies but described her cooperation as “minimal”.
Katie, who has recently been touring with best friend Kerry Katona to earn extra income, was not present at the hearing. The judge concluded the order was “necessary for the benefit of Ms Price’s creditors”, citing her pattern of overspending despite her high earnings.
Her financial chaos dates back to 2019 when she was first declared bankrupt over unpaid loans, followed by another bankruptcy in 2024 after failing to settle a £750,000 tax bill.
