Katie Price finances hearing adjourned at High Court
A High Court hearing over Katie Price’s finances has been adjourned for nearly three months.
A judge at the Rolls Building in central London agreed to put off a hearing while the ex-glamour model, formerly known as Jordan, tries to reach an agreement with her creditors.
The 40-year-old did not appear for the hearing on Tuesday, which lasted less than two minutes.
Price has tied the knot three times and has recently been in the headlines over the collapse of her latest marriage to Kieran Hayler.
The former I’m A Celebrity … Get Me Out Of Here! star was once said to be worth more than £40 million.
A representative for the reality TV star told the Press Association: “Katie is aware of the hearing and is working with her advisers to resolve her current financial issues.
“She hopes to be in a position to do so and reach agreement with her creditors.”
Judge Barnett, sitting in a specialist insolvency and companies court, was told that Price and her creditors had agreed to an adjournment of the case to allow time for the consideration of a Individual Voluntary Agreement (IVA).
An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate, in a bid to avoid bankruptcy.
The judge agreed to adjourn the case until October 30.