The 40-year-old, who found out her today that the taxman has accepted her repayment plan, screamed and boasted that she had proved everyone wrong during last minute filming for a festive special of Katie Price: My Crazy Life.
The star addressed her money struggles as she prepared Christmas dinner with pals, telling them: “I do actually have some good news.
“You know I like to prove people wrong?"
After dancing about, she continued: “Well, they are wrong. I had my court today and guess what I am not going bankrupt. So I am starting a new year, new beginnings , no bankruptcy. So that is why today is good, nothing can go wrong.”
Looking elated in a piece to camera, the mum-of-five continued: “It’s like everyone’s obsessed with it…they see me as this big businesswoman who made s**t loads of money and as soon as the word banrkup hits anyone, everyone is like ‘oh my god’.
“I’ve been battered hard, it’s been difficult mentally to cope with the battering I’ve had. But guess what, I’ve had the news today and I’m not going bankrupt!”
The former glamour model had been battling for months to reach an agreement with creditors following an earlier hearing.
The ex – I'm A Celebrity… Get Me Out Of Here! star was once said to be worth more than £40 million and was known as a savvy businesswoman.
But she has since been plagued with financial troubles and was given time to negotiate a deal with the taxman over her finances by a judge at a specialist insolvency and companies court in October.
The case was previously adjourned following a hearing in August to allow time for the consideration of an Individual Voluntary Agreement (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.
Lawyers representing her creditors told the court on Tuesday that her IVA proposal was accepted on November 30.
Katie Price: My Crazy Christmas airs exclusively on Quest Red Monday 10th December at 10pm and via the QuestOD app
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