Katie Price’s fascination with a dazzling £194,000 pink Porsche comes in the midst of her second bankruptcy declaration, where she skipped the court session.
During the recent court hearing at London’s Rolls Building, it was revealed that the former glamour model, previously declared bankrupt in 2019, owes a hefty sum of £761,994.05 to HM Revenue and Customs (HMRC). Despite being absent from the proceedings, Judge Sebastian Prentis announced her bankruptcy after receiving no response from Katie regarding the outstanding debt.
Rather than facing the legal matters in person, Katie took to Instagram on Monday, showcasing her desire for the flamboyant pink car while also promoting her podcast tour with her sister Sophie.
The tour, dubbed The Katie Price Show, promises an intimate sharing of Katie’s turbulent life experiences, with ticket prices ranging from £29 to over £90 for a ‘VIP experience.’
On her Instagram, Katie shared snippets from Zoe Ball’s Breakfast Show on BBC Radio 2, featuring glowing reviews of her podcast with Sophie. She also tantalized her followers with a glimpse of the luxurious pink Porsche GT3RS, highlighting its opulence from a high-end car showroom.
Chasing Luxury Amidst Adversity: Katie Price’s Pink Porsche Fantasy
In addition to promoting her tour, Katie announced a new date in Sheffield, expressing gratitude to Crossed Wires for the invitation.
Meanwhile, the bankruptcy declaration marks another financial setback for Katie. Judge Prentis emphasized the substantial debt owed to HMRC, which includes income tax, VAT, surcharges, and interest, stemming from self-assessments from 2020-2021 and 2021-2022. HMRC had initiated bankruptcy proceedings in October 2023.
This isn’t the first time Katie’s financial struggles have made headlines. In February of this year, a High Court judge ordered her to allocate 40% of her income from OnlyFans to trustees for the next three years due to unpaid debts. Additionally, Katie faced inquiries about her finances in April.
Reflecting on her turbulent journey, Katie admitted feeling overwhelmed by legal battles and expressed indifference towards potential incarceration during an interview with TV personality Michelle Visage on her Rule Breakers podcast in October 2023.
Despite the setbacks, Katie has been candid about her mental health struggles, urging others not to feel ashamed of bankruptcy. During a hearing in October 2020, she apologized for her inability to cope with the complexities of her financial issues, citing mental health challenges as a contributing factor.
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