Katie Price / PA

Judge grants Katie Price time to broker deal with taxman in bankruptcy hearing

A new hearing date has been set for December 4

Katie Price has been given time to negotiate a deal with the taxman over her finances following a High Court hearing.

The former glamour model was told she could try to reach an agreement with HMRC by a judge at a specialist insolvency and companies court on Tuesday.

The 40-year-old, who used to be known as Jordan, did not attend the brief hearing in central London.

Katie Price
Katie has been given time to negotiate a deal with the taxman (Credit: Hewitt / SplashNews.com)

Judge Jonathan Middleton was told by lawyers for HMRC they had been notified of a proposal for an Individual Voluntary Agreement (IVA) on behalf of Katie just hours before the short hearing on Tuesday.

Read more: Loose Women’s Linda Robson sends her love to Katie Price

Rachel Lam, for HMRC, said a meeting of Katie’s creditors was due to take place on November 16.

Faith Julian, representing Katie, said she was instructed to ask the judge to adjourn the case until December 4 – to which Judge Middleton agreed.

Katie Price at ITV Gala
Katie did not attend the brief hearing in London on Tuesday (Credit: Splashnews.com)

The case was previously adjourned after a hearing in August to allow time for the consideration of an IVA.

An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate, in a bid to avoid bankruptcy.

Speaking to the Press Association after the hearing in August, a representative for the reality TV star said: “Katie is aware of the hearing and is working with her advisers to resolve her current financial issues. She hopes to be in a position to do so and reach agreement with her creditors.”

Katie Price and Kieran Hayler (Ian West/PA)
Katie Price and estranged third husband Kieran Hayler (Credit: Ian West/PA)

She has tied the knot three times and has recently been in the headlines again following the collapse of her most recent marriage to Kieran Hayler.

The Loose Women panellist announced in May that her marriage to third husband Kieran had ended following fresh allegations about his fidelity. They share children Jett, five, and four-year-old Bunny.

They married in January 2013 following a whirlwind romance.

Katie Price
Katie’s had a difficult year (Credit: PALACE LEE / SplashNews.com)

The star also has son Harvey, 16, from her relationship with ex Dwight Yorke and children Junior, 13, and Princess, 11, with first husband, Peter Andre, whom she split from in 2009.

A second marriage to Alex Reid lasted from 2010 until 2011.

The former I’m A Celebrity … Get Me Out Of Here! star, who was once said to be worth more than £40 million, has also recently revealed that her mother, Amy Price, has been diagnosed with idiopathic pulmonary fibrosis (IPF) – the disease which killed TV presenter Keith Chegwin.

Read more: Katie Price breaks her silence to slam “disgusting” stories about her rehab visit

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