Katie Price is set to lose almost half of her monthly income to pay off her debts as a judge said she must reduce her ‘extravagant’ spending habits.
The former glamour model, 47, was first declared bankrupt in 2019 and again last year.
Her financial woes were so severe she owed the taxman £750,000 and had to sell her £2 million ‘Mucky Mansion’.
Both bankruptcies have since been discharged, but she remains the subject of a court order known as an income payments order (IPO).
This means she must pay 40 per cent of her monthly income from several companies, including adult content site OnlyFans, to the trustee of her bankruptcies until February 2027.
On Thursday, barristers for the trustee asked a specialist bankruptcy court to make a…