«Breaking News» Katie Price will be forced to pay back £12k a MONTH to clear her debts

Katie Price is set to pay back a staggering £12,000 a month to clear her debts, Companies House documents have revealed.

Legal documents show the star will pay back the staggering figure to total £856,358 over the course of five years, clearing almost half of her original £2.1 million debt.

This comes despite recently Katie vowing to splash the cash on a new car after being banned from driving for three months, as the mother-of-five soaked up the sun on a luxury break to Thailand with beau Kris Boyson.

Big money: Katie Price is set to pay back a staggering £12,000 a month to clear her debts, Companies House documents have revealed

Payback: Legal documents show the star will pay back the staggering figure to total £856,358 over the course of five years, clearing almost half of her original £2.1 million debt

In the documents, it explains that Katie will pay back £12,302.25 a month in the first year; £12,332.81 a month in the second year; £14,363.37 in the third; £15,296.44 in the fourth; and £16,068.36 in the fifth.  

It was also previously alleged that prior agreements with creditors state that should Katie not keep up the payments for four years, her house will be put up for auction to cover the figure.

The agreement is said to have been set up after her company, Jordan Trading, went into liquidation. 

The agreement is said to enable the star to avoid bankruptcy - with the same files showing from February 2018 to last month, she paid £27.96 to creditors.  

Lavish: This comes despite recently Katie splashing the cash on a luxury break to Thailand with beau Kris Boyson

A source also told The Sun: 'These figures show just how much financial trouble Katie is in and what a challenge she faces to turn things around.

'Having said that, most people will wonder how she has managed to avoid bankruptcy with an agreement which lets her get away without paying 59 per cent of what she owes.'

MailOnline has contacted representatives for Katie Price for comment.

Tough time: The star also recently vowed to spend more money on a new car after being banned from driving for three months

This comes just weeks after Katie vowed she wouldn't hold back in spending money on a new car, after being banned from driving for three months.

Speaking outside Bexley Magistrates' Court, she said at the time: 'I chose to be disqualified for three months because it adds on to my disqualification that I'm already on, which means I get my driving licence back on the 24th of May which means I can go car shopping - let's ban the pink car.'

Despite her recent money woes, Katie is also allegedly to have spent around £25,000 on six holidays in the last eight months by The Sun, and only a few days ago returned from a sun-soaked break to Thailand with beau Kris.

Tough times: Katie vowed to buy a new car as she exited Bexley Magistrates Court last month, saying: 'I can go car shopping - let's ban the pink car'

On Wednesday Katie plead 'definitely not guilty' to using abusive language after allegedly telling her ex-partner Kris Boyson's new girlfriend: 'Are you enjoying f***ing my husband?'

The star had failed to appear in court in the previous days due to her Thailand break, and will now face trial on June 3rd.

Katie narrowly avoided bankruptcy last December after reaching a deal with creditors, and has recently been attempting to sell off her animals in a bid to raise funds.

Big loss: Katie's house could be placed up for auction should she fail to keep up with her monthly payments

Link hienalouca.com

https://hienalouca.com/2019/03/22/katie-price-will-be-forced-to-pay-back-12k-a-month-to-clear-her-debts/
Main photo article Katie Price is set to pay back a staggering £12,000 a month to clear her debts, Companies House documents have revealed.
Legal documents show the star will pay back the staggering figure to total £856,358 over the course of five years, clearing almost half of her original £2.1 million debt.
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It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

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