In the glittering world of celebrity excess, few stories capture the dizzying highs and devastating lows quite like that of Katie Price. Once the undisputed queen of glamour modeling, the 47-year-old British icon built an empire on sultry magazine covers, reality TV stardom, and a string of high-profile romances. Her net worth once soared into the millions, funding a sprawling £2 million mansion dubbed the “Mucky Mansion,” fleets of luxury cars, exotic holidays, and a wardrobe that screamed unapologetic opulence. But beneath the Botox and bikinis lurked a financial house of cards, and on October 9, 2025, it finally collapsed in spectacular fashion.

The bombshell came from London’s Rolls Building, where Deputy Insolvency and Companies Court Judge Stephen Baister delivered a verdict that could redefine Price’s future. In a scathing ruling, the judge ordered a second Income Payments Order (IPO), forcing Price to surrender 40% of her monthly earnings from an additional 10 companies – on top of the existing 40% from four others, including her lucrative OnlyFans account. This means nearly half her income will now funnel directly to bankruptcy trustees until at least 2030, a move designed to claw back debts totaling over £3.2 million, including a staggering £750,000 unpaid tax bill to HMRC.

Price, absent from the hearing and unrepresented, had “every opportunity” to defend herself, the judge noted dryly. Yet her silence spoke volumes. Baister didn’t mince words, lambasting her “extravagant pattern of expenditure” that has long outpaced her earnings. “The bankrupt’s expenditure seems to have exceeded her income, but that is only because she has adopted an extravagant pattern of expenditure, that of course she is now going to have to trim somewhat,” he declared. From private jets to designer splurges, Price’s lifestyle – once the envy of tabloid readers – has been the architect of her own ruin.

This isn’t Price’s first brush with financial Armageddon. Her saga began in 2019 when she first filed for bankruptcy after failing an Individual Voluntary Arrangement (IVA) to repay creditors. Undeterred, or perhaps in denial, she racked up more debt, leading to a second declaration in March 2024. That triggered the sale of her beloved Mucky Mansion in West Sussex, a 11-bedroom pile filled with pink feathers and equestrian dreams. But even that windfall wasn’t enough; HMRC’s tax hammer fell hard, encompassing income tax, VAT, surcharges, and interest from years of self-assessments gone awry.

As an influencer today, Price has clawed back some success, monetizing her 2.5 million Instagram followers and OnlyFans subscribers with everything from makeup tutorials to more risqué content. TikTok earnings were suspended earlier this year amid compliance disputes, and she’s faced arrest warrants for dodging court dates – including a dramatic Heathrow bust in August 2024. Her solicitor has touted her as “fully compliant” post-arrest, but the judge’s patience appears exhausted.

What does this mean for the mother of five? No more £1,500 weekly facials or impulse buys on eBay. Price must now navigate a trimmed-down existence, potentially reshaping her brand from “Jordan” the sex symbol to a cautionary tale of fiscal folly. Mental health struggles, openly discussed in podcasts like Michelle Visage’s Rule Breakers, add layers to her plight; she’s admitted to feeling overwhelmed, urging others not to stigmatize bankruptcy.

Yet, resilience is Price’s middle name. From wheelchair-bound recovery after 17 cosmetic surgeries to authoring bestsellers, she’s reinvented herself time and again. Will this verdict be her rock bottom or a phoenix moment? As trustees circle her assets – from book royalties to agency partnerships – one thing’s clear: the glamour girl’s got grit. But in the cutthroat court of public opinion and creditor claims, survival demands more than sparkle; it requires stark reinvention.