Kerry Katona

Kerry Katona throws support behind Katie Price after she’s declared bankrupt

She's been through it herself

Kerry Katona is supporting her friend Katie Price following her being declared bankrupt and has urged her mate not to “feel too guilty” about her financial state.

Katie, 41, was made bankrupt during a hearing at the Insolvency and Companies Court in London last week after failing to pay back the agreed £12,000-a-month to her creditors.

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As her money woes increased, the former glamour model turned to Kerry – who has gone bankrupt twice before – for advice.

The ex-Atomic Kitten singer insists Katie now just needs to focus on herself and her five kids and “surround herself with good people who she trusts”.

Writing in her New! magazine column, Kerry said: “Looking at my own finances made me think about my pal, Katie Price. She’s just been made bankrupt, but she should take this opportunity to start afresh.

“My advice would be to surround herself with good people who she trusts and try not to feel too guilty.

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Loved using my new makeup @ladyjanecosmeticscompany yesterday ❤️❤️❤️❤️

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“I still feel awful for the people I couldn’t pay due to my own bankruptcy. All my money was stolen from me, so it’s a slightly different situation to blowing £45 million, but hopefully Katie will go easy on herself, as bankruptcy is a truly horrible experience.”

Katie’s bankruptcy comes after she was given an individual voluntary arrangement (IVA) to pay back what she owed – believed to be around £800,000 – in installments every month until the whole debt was cleared.

The star briefly spoke about cash during a 20 minute video she posted to her YouTube channel on Friday titled ‘Katie Price Answers the Web’s Most Searched Questions’.

In the footage, which could have been recorded before she was declared bankrupt, Katie said she believes talking about money is “unattractive” as she refused to answer what her new worth is.

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💁🏼‍♀️Missing summer time☀️

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When the question came up, Katie said in the video: “I hate talking money. I have never spoken about money. Everyone seems to know what I have got but guess what no one knows but me.

“It’s really unattractive to talk about how much money you’ve got or not got or got.  So that’s the answer to that. Only I know.”

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