Katie Price Narrowly Avoids Prison Time For Second Time In Two Months

The former glamour model was due to appear at London's High Court yesterday (Monday), with a judge expecting an explanation regarding attempts to clear £3.2 million worth of debt she owes to creditors.

At one time worth £40m, the now 43-year-old was decaled bankrupt in November 2019.

According to a report published in The Sun, Katie struck a ‘last-minute’ agreement with the court that she would pay a ‘small contribution’ now to reduce her debt.

A new payment plan has also been structured.

Katie reportedly agreed to pay creditors £12,000 a month but allegedly failed to keep up with payments. 

Katie Price during happier times with ex-husband Peter Andre

Her case is due for review again in eight weeks time. 

Last April, reality TV veteran — who has launched a subscription-based OnlyFans channel — said bankruptcy was the 'best thing' to happen to her.

Price told OK Magazine:

"I’ve been sucked dry in the past. I was mentally abused and broken by everyone. ‘It’s not like I have skeletons in my closet but everyone tried to get everything they could out of me. But now, I can go to sleep at night and I just think, 'F**k it'.

"My bankruptcy is the best thing that’s ever happened to me.

"Because anyone who has ever been in my life before has tried to take from me, financially mostly — now they can’t, as I’m in a bankruptcy. I love it."

The mum-of-five had previously avoided going to jail following drink-driving incident in December.