Never one to mince her words, Katie Price has declared that she is not bankrupt despite some of the ongoing rumours about her financial situation.
While speaking on Loose Women today, the star explained that she has avoided bankruptcy and is not broke.
The 40-year-old said on the ITV show: “Definitely not bankrupt. Most successful people when they have different businesses like me, sometimes they might go for an IVA, sometimes they go bankrupt, but you open another one and you carry on and it’s happened to me.”
She added: “I’m not ashamed of anything. I haven’t gone bankrupt. Nothing of mine has gone bankrupt. It was all to do with tax on one of them. It is what it is.”
The mum-of-five attended a hearing in December last year over a £22,000 unpaid tax bill.
However, she was loaned the five-figure sum by a friend and managed to avoid being declared bankrupt.
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While on the Loose Women panel today, Katie also set the record straight about her “mucky mansion”.
It has been reported that the house has been falling into disrepair because she doesn’t have the funds to do it up.
She blasted: “It has been like that for ages, all I read about myself, skint, mucky mansion hasn’t got her kids, I am sick of reading it.”
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The former glamour model explained that she has always bought houses that need doing up and when the cameras had been in her Sussex home she was in the process of getting things sorted.
Now, she says everything is “new” in her eleven bedroom home.
It comes as Katie also opened up about “self-medicating” with drugs in her Loose Women interview.
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