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Katie Price to Forfeit 40% of OnlyFans Earnings in Bankruptcy Settlement

CELEBRITY SEX NEWS LEGAL NEWS ONLYFANS STRAIGHT

In Katie Price’s ongoing bankruptcy saga, the High Court has decreed that the British media personality must surrender nearly half of her OnlyFans revenue to address her financial obligations. This ruling marks a crucial juncture in the legal proceedings that have followed Katie Price since her bankruptcy declaration in November 2019.

She is a UK glamour model and reality TV star who also goes by the moniker “UK Jordan.” She’s probably one of the most famous British Page 3 models. Price regularly appeared in the Daily Star, FHM, the British edition of Playboy, Nuts, Maxim, Loaded, Vogue, and Esquire. In 2002, she appeared on the September cover of the American edition of Playboy magazine.

She joined OnlyFans in January of 2022, and thanks to new court documents, we now know she is making nearly $40,000 a month on OnlyFans.

Katie Price to Forfeit Half of OnlyFans Earnings in Bankruptcy Settlement

Darragh Connell, the barrister representing the trustees managing Price’s bankruptcy case, detailed to the court that despite an initial voluntary arrangement to settle her debts, Price had faltered on the agreed payments. According to Connell’s written statements, the arrangement called for 36 monthly installments of £12,500, in addition to a one-time lump sum payment, terms which Price has since failed to meet.

The trustees’ legal maneuvering sought an income payments order, a judicial directive that mandates a portion of Price’s earnings be allocated directly to her creditors. This request specifically targeted revenues from OnlyFans, through its parent entity Fenix International Ltd, and other income streams, including payments from the celebrity news agency Backgrid.

Insolvency and Companies Court Judge Catherine Burton, presiding over the case, upheld the trustees’ request. She mandated that 40% of Price’s income from the specified sources be redirected to a designated account managed by the trustees for the next 36 months. Fenix International Ltd, representing OnlyFans, offered no resistance to the court’s decision.

Judge Burton further announced that Price is scheduled to thoroughly examine her financial affairs in April, an inquiry that could potentially alter the trajectory of her bankruptcy resolution.

The backdrop to this legal drama has been tumultuous for Price, who has vocally expressed her distress over the public’s scrutiny of her financial downfall. In a previous court session, which was subsequently closed to the public and press, Price conveyed her heightened anxiety and discomfort with the invasive attention her case has attracted.

Price has oscillated between defiance and resignation regarding her financial predicament in various public statements. She notably expressed to Michelle Visage on the “Rule Breakers” podcast her exasperation with the continuous legal threats and even mooted imprisonment as a potential end to her ordeal.

Further, during an appearance on Jeremy Vine’s Channel 5 show, Price advocated for a destigmatization of bankruptcy, sharing her personal struggles with mental health that have compounded her financial woes.

Price’s candid admission to the court in October 2020 of her delayed engagement with the bankruptcy process and her pledges of improved cooperation highlighted the complex interplay of personal hardship and financial accountability that defines her case.

This recent court ruling underscores the gravity of Price’s financial responsibilities and signals a broader cautionary tale about the consequences of celebrity and financial mismanagement. As the case unfolds, the focus remains on the restitution of Price’s debts and the broader implications for public figures navigating similar challenges.

You can follow Katie Price on Twitter at @katieprice, and you can check out Katie Price’s OnlyFans at onlyfans.com/katieprice.


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