Katie Price’s eye-watering £600,000 debts revealed in FULL ahead of bankruptcy hearing

Katie Price’s case is due to be heard in bankruptcy court today over a reported £22,000 she owes in taxes.

But according to reports, that sum is just the tip of the iceberg with the star said to be in as much as £600,000 worth of debt.

First up she’s £100,000 in arrears on the mortgage for her £2million Sussex mansion, claims The Sun.

Katie bought the nine-bedroom property for £1,350,000 in 2014 but later took out a second mortgage on it.

Her repayments on the estimated £1million borrowed are believed to be a staggering £10,000 a month, and that’s without factoring in her £2,000 monthly heating bill.

Katie’s clothing line KP Boutique died a death earlier this year, closing with just a reported £13 in the bank.

Her other company, Jordan Trading Limited, went into liquidation in 2017 with the Daily Star reporting there are claims of £250,000 against it.

And that’s not to mention the £200,000 it was said to have owed in tax.

In 2016 a bankruptcy notice is believed to have been filed against her house, which Katie – who was once worth £45million – is said to be hoping to sell for £2million.

However, a rep for the star said the figures are ‘not accurate’, and revealed, “Katie is moving forward to improve her current situation.”

In a desperate bid to raise cash, she’s also flogging the £77,000 Audi Spyder she bought for ex Kieran Hayler, along with her farm animals for £2,000 a pop.

Experts have, however, warned her against selling a sex tape, gently suggesting it wouldn’t make enough money to cover her mortgage.

Indeed, while back in the day her reality shows alone earned her £6.2million and an underwear collection for Asda brought in £3.5million, she’s recently said to have been paid for one social media post with a single pair of knickers.

There is still talk of her resurrecting her Page Three alter-ego Jordan and launching a line of sex toys.

But despite being in dire straits, it seems KP’s spending hasn’t completely stopped with sources telling The Sun she just dropped £10,000 on renovating her bedroom after toyboy Kris Boyson moved in and refused to sleep in the bed she’d shared with Kieran.

Katie was expected to be made insolvent at today’s hearing, but in the 30-second session the judge agreed to hear an application for her to submit to an IVA (Individual Voluntary Arrangement).

She now has three months to come up with a payment plan, and must present it to judges on October 30.

Hinting at how she got into such a mess, Katie previously admitted she’s never handled her own financial affairs.

She once said her older brother Daniel, ‘makes sure all the taxes get paid,’ and insisted that despite the surgery and luxury holidays, she’s no a big spender.

“I spend but I have people around me who save for me. My brother and another guy look after my money. I don’t know what I’ve got,” she told The Telegraph in 2011.

“At least I don’t know to the penny what I’ve got. I haven’t got no flash credit card or anything… I’m not really a big spender. My cars cost money and my horses cost money, but I don’t go and buy designer clothes every day of the week. I’d rather buy a nice horse than waste it on an outfit. I spend a lot on my kids, but myself? Not really.”