Famous bankrupts, past & present

TheGardener

'Skin of' and 'teeth'...

https://www.msn.com/en-gb/entertainment/celebrity/katie-price-swerves-bankruptcy-as-shes-given-12-weeks-to-pay-off-debts/ar-BBLBi0Y?ocid=spartanntp

There are 'assets' to protect...

JCS1

TheGardener wrote: »

'Skin of' and 'teeth'...

https://www.msn.com/en-gb/entertainment/celebrity/katie-price-swerves-bankruptcy-as-shes-given-12-weeks-to-pay-off-debts/ar-BBLBi0Y?ocid=spartanntp

There are 'assets' to protect...

I was just popping on the thread to post this, seems like she is going for an IVA

https://www.thesun.co.uk/tvandshowbiz/6959881/katie-price-not-declared-bankrupt/

fatbelly

fatbelly wrote: »

Boris Becker, just in time for Wimbledon

http://www.dailymail.co.uk/news/article-4625270/Boris-Becker-declared-BANKRUPT-High-Court.html

Poor Boris, now has a 12-year BRU

https://www.gov.uk/government/news/beckers-bankruptcy-restrictions-extended

JCS1

Katie Price now bankrupt

https://www.bbc.co.uk/news/entertainment-arts-50561711

fatbelly

JCS1 wrote: »

Katie Price now bankrupt

https://www.bbc.co.uk/news/entertainment-arts-50561711

Yep, failed IVA. Her IP petitioned for her bankruptcy.

Not something the IVA pushers often mention.

Edit: still showing as just an IVA on the register

maxmycardagain

Jordan gone bust

lol


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JCS1

fatbelly wrote: »

Yep, failed IVA. Her IP petitioned for her bankruptcy.

Not something the IVA pushers often mention.

Tabloids saying her IVA payments were £12k a month, so no idea what the IVA company fees would be!

Takes a lot to go from £40m-£45m to debts of £800k

fatbelly

maxmycardagain wrote: »

Jordan gone bust

lol


( . )( . )

Her assets were insufficient to cover her liabilities

RattyIrk

At least you can't accuse her of a cover up

Minkym00

That £45m figure is a complete tabloid fabrication. She has burned through a lot of cash though. She has continued to spend as she always has, and yet her income has dried up. No-one is interested in her anymore.

Unlike Boris Becker, I doubt if she’s got £5m stashed away. But there can’t be much in the house as its a mess and she’s obviously mortgaged to the hilt). Maybe the IP is hoping for a slice of future earnings via an IPA.