It’s time for Katie Price to pay back what she owes her ex-husband, Alex Reid, after avoiding a huge bill for five years!
The creator of OnlyFans is to have his home raided by debt collectors over the £250,000 he owes Reid for allegedly distributing sex tapes and explicit pictures of him. Price’s latest disaster comes after he avoided court for the sixth time in his bankruptcy case.
Katie Price’s House To Be Stripped Of Its Valuables To Pay Back £250,000 Debt
Price added to the massive debt in 2019 after a judge ruled in Reid’s favor, accepting that he was guilty of the charges. Her ex-husband accused her of playing his sex tapes to TV viewers during the filming of an episode of “Celebrity Big Brother” the previous year.
The media personality was hit with £150,000 in legal bills and £100,000 in additional compensation. However, he avoided it by declaring bankruptcy the same month and repeatedly avoided court despite owing others a reported £3.2 million.
After avoiding a judge’s attempt to terminate his bankruptcy case for the sixth time this month, sources revealed Price’s home will be raided this Monday to collect on his debt to Reid. In individual words:
“High Court Enforcement Officers will attend Katie’s property on Monday as she has yet to pay the amount owed to her ex-husband, Alex Reid. They will visit two different locations, including his dirty mansion, to get items worth the amount Alex has to pay.”
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Source explained to Daily Mail that Reid’s patience had worn thin, stating his ex-wife “only paid £1,000 towards the value she owed.” It is believed that Price will not be home to receive debt collectors as he is in Dublin on Sunday, where he is hosting a make-up masterclass.
This isn’t the first time Price’s house, dubbed the dirty mansion, has made headlines. This property is popular among fans because it serves as the background of the creator’s OnlyFans content. It was also featured in the Channel 4 reality series “Katie Price’s Mucky Mansion.”
However, the West Sussex entertainer’s property received negative publicity in 2023 after a legal notice was attached to the house, prohibiting him from selling it. If necessary, the trustee overseeing Price’s bankruptcy case has the power to sell the mansion to settle his debts.
He may lose the fortune, given that he has repeatedly refused to attend court hearings and provide details of his finances. In September, trustees resumed a relisting inquiry into his financial condition after he breached a payment agreement.
Barrister Darragh Connell told the court, “We are now at a stage where this matter needs to be dealt with urgently.” Given the gravity of the situation with £3.2 million on the line, Judge Paul Greenwood announced that Price would answer questions about his finances at the earliest available date after July 21.
Katie Price’s First Husband Is Still In His Will
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Before saying her vows to Reid, Price was married to Peter Andre from 2005 to 2009. Since their divorce, she has tied the knot twice, with both unions ending in the same breakup. However, her first husband continued to have a special place in her life.
During a 2023 appearance on Kathy Burke’s podcast, the glamor model revealed Andre – with whom she shares two children – was a beneficiary in her will. She stated that she never removed his name from her last will after their divorce, saying:
“I haven’t even updated the will because, at the moment, everything I have is going to Pete, Junior, Princess and Harvey.”
However, Andre’s name may no longer be part of Price’s will as he acknowledges the need for revisions. The former couple has had a turbulent history, starting with their meeting on the hit TV show “I’m a Celebrity… Take Me Out!” in 2004.
The two tied the knot a year later in a grand ceremony at the magnificent Highclere Castle. Later they showcased their romance on the reality TV show “Jordan and Peter,” which was later rebranded as “Katie And Peter.” After nearly four years together, they called it quits in 2009, and Price moved in with Reid in 2010.
After dating for seven months, the model and Reid said their vows, and their love affair died down as quickly as it began. Their separation occurred eleven months after their marriage, making Price’s relationship the shortest of his three marriages.
Her third husband, Kieran Hayler, proposed to her in December 2012, and they tied the knot in January 2013. However, their romance ended in 2014 after Price discovered her new man had been unfaithful with two of her close friends.
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Source: thtrangdai.edu.vn/en/
