Katie Price denies ‘lavish lifestyle’ in Zoom call to bankruptcy hearing from her £1,400-a-night Maldives holiday
- Model 42, has been flaunting her lavish holiday with 31-year-old boyfriend
- It is believed to be sixth holiday since being declared bankrupt last November
- Price today insisted ’90 per cent’ of overseas trips were for business
Katie Price today insisted she does not live a ‘lavish lifestyle’ during a remote bankruptcy hearing from a £1,400-a-night Maldives retreat.
The model, 42, said ’90 per cent’ of her globe-trotting was for business and even passed off her current five-star getaway as a ‘work assignment’.
In recent days she has been flaunting her luxury-laced holiday with 31-year-old boyfriend Carl Woods on Instagram, showing her relaxing on yachts or pool-side.
It is believed to be her sixth holiday since being declared bankrupt last November.
The mother-of-five today, who was once worth £45million, patched in to a hearing via Zoom after her jet-setting was brought to the attention of judges through an anonymous tip-off.
Katie Price, 42, has been flaunting her lavish holiday with 31-year-old boyfriend Carl Woods on Instagram in recent days
The former glamour model shared a video of her and Carl’s stunning Maldives accommodation and beach earlier this week, writing: ‘This resort is amazing’
At the hearing, Price said: ‘I appreciate I haven’t been easy to contact. I have been places physically and emotionally,’ according to the Sun.
Price reportedly said she was seeing a therapist and had hired an accountant to help manage her finances.
She revealed she had thought about selling her pink Range Rover for scrap and only did not declare it from bailiffs because it was ‘unroadworthy’.
Her bankruptcy came after the High Court found she had failed to stick to a plan to repay her debts, estimated to be around £800,000.
The mother-of-five is reportedly not due to be discharged from her bankruptcy until next month and is supposed to pay any money she makes to creditors.
This includes both money that she makes through work or any income from selling her belongings.
Bankruptcy: The TV personality, 42, is facing this bankruptcy hearing after someone ‘anonymously tipped the court off’ about her multiple holidays and lavish lifestyle
Price has repeatedly gushed over her boyfriend of five months Woods during their sunny Maldives visit.
Taking to Instagram, she posted a loved-up selfie with the former Love Island star while they were on a yacht out at sea.
She said: ‘It feels so amazing to finally be happy and settled thanks to @carljwoods.’
The couple are staying at five-star resort You & Me Maldives, with rooms coming with a price tag of an eye-watering £1,400-a-night
The TV star also shared a video of their stunning accommodation and the beach surrounding it, which she captioned: ‘This resort is amazing.’
Price used to be able to fund her lifestyle through modelling, reality TV shows and fragrances when she was at the height of her fame in the 1990s and 2000s.
But her only regular sources of income nowadays appears to be her Quest Red TV show My Crazy Life, her YouTube channel and plugging paid products on her Instagram account.
Price has previously been married to singer Peter Andre, cage-fighter Alex Reid and former stripper Kieran Hayler.