Kerry Katona bankrupt
Friday, 22 August 2008
Kerry Katona has been declared bankrupt.
The former Atomic Kitten singer - who won reality TV contest 'I'm A Celebrity Get Me Out Of Here' in 2004 - failed to pay an £82,000 tax bill, despite having had three final warnings by the court.
The mother-of-four now faces having to sell her assets, including her £1.3 million Cheshire home and fleet of luxury cars.
Kerry, 27, was given 90 minutes to pay the bill after Kerry's representative Luke Harris asked for extra time, claiming it would allow cheques to clear and for the money to be released, but she failed to make the deadline.
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The star - who is married to Mark Croft, 38 - was not in court to hear
the decision but her publicist Max Clifford said she was "extremely upset", adding the bill would be paid by Wednesday (27.08.08).
Kerry was reportedly earning up to £1.5 million a year from her MTV reality series, magazine column and Iceland advertisements.
The debt had been reduced from the £417,000 HM Revenue and Customs were originally asking for when legal proceedings began in January.
(C) BANG Media International
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Kerry Katona bankrupt
Kerry Katona has been declared bankrupt.
Friday, 22 August 2008, 11.08am - in Television
