Katie Price has extended her holiday at a £1,400-a-night Maldives retreat by a week after telling her bankruptcy hearing that she does not live a ‘lavish lifestyle’ over Zoom.
The model, 42, said ’90 per cent’ of her globe-trotting was for business and that her current stay at the five-star resort is a ‘work assignment’.
In recent days she has been flaunting her luxury-laced holiday with 31-year-old boyfriend Carl Woods on Instagram, showing her relaxing on yachts or pool-side.
It is believed to be her sixth holiday since being declared bankrupt last November.
The mother-of-five, who was once worth around £40million, today appeared before a bankruptcy hearing after her jet-setting was brought to the attention of judges through an anonymous tip-off.
In recent days she has been flaunting her luxury-laced holiday with 31-year-old boyfriend Carl Woods on Instagram, showing her relaxing on yachts or pool-side
Katie Price today insisted she does not live a ‘lavish lifestyle’ during a remote bankruptcy hearing from a £1,400-a-night Maldives retreat
Price has been dogged by financial woes in recent years and was forced to give up her £1.3million 11-bedroom ‘mucky mansion’ (pictured giving a tour inside the house to showcase its decline)
She also referred to a pink Range Rover she owns, telling the court it is not roadworthy so has ‘no value other than sentimental value’. Last year she was banned from driving for two years
At the hearing, Price dismissed the accusation from the anonymous tip-off that she enjoys a glamorous lifestyle, according to the Sun.
She told the hearing taking place in London of her mental health struggles, which she claimed was the reason for not dealing with her bankruptcy.
She told a previous hearing in July that she had ‘lost everything’ and suffered a ‘bad breakdown’ last year, following which she spent five weeks in rehab at The Priory.
Price said today: ‘It is a long and tense process but I feel progress is now being made. I can only apologise, I just haven’t been able to deal with these issues or in the right mental state to understand everything that has been going on.’
The former model also reminded the hearing: ‘In the past, at the height of my career, I was a model and massive taxpayer.’
Price said she had considered selling her notorious pink Range Rover but that it is not roadworthy so has ‘no value other than sentimental value’.
The couple are staying at five-star resort You & Me Maldives, with rooms coming with a price tag of an eye-watering £1,400-a-night
The model, 42, has been flaunting her lavish holiday with 31-year-old boyfriend Carl Woods on Instagram in recent days
The former glamour model shared a video of her and Carl’s stunning Maldives accommodation and beach earlier this week, writing: ‘This resort is amazing’
At a hearing in October 2018, Price struck a deal with the taxman to gradually repay her mounting debts, but failed to stick to the plan, leading to her being declared bankrupt last November.
Janet Hallamore, for the Official Receiver, told the judge on Tuesday that there are now three issues to resolve, involving Ms Price’s ‘income and expenditure’, how she has been funding recent holidays, and the ‘theft of jewellery’.
Ms Price said she had reported her ‘lost and stolen jewellery’ to the police more than six months ago and said her home has also been ‘subject to vandalism’.
She added: ‘I appreciate I have not been easy to communicate with and hard to track down, but I have not hidden.
‘I will work hard to make this right, however long this takes.’
Price is reportedly not due to be discharged from her bankruptcy until next month and is supposed to pay any money she makes to creditors.
This includes both earnings through work or any income from selling her belongings.
But a source previously told the Sun that Price was relaxed the holiday to the Maldives as it had been paid for by Woods.
Price and Woods have been romantically involved for five months and during their retreat have showcased their relationship.
She was forced to give up her £1.3million 11-bedroom ‘mucky mansion’ earlier this year after signing the property to a trustee
Taking to Instagram, the model – previously known as Jordan – posted a selfie with the former Love Island star while they were on a yacht out at sea.
She said: ‘It feels so amazing to finally be happy and settled thanks to @carljwoods.’
The couple are staying at five-star resort You & Me Maldives, with rooms priced up to £1,400-a-night.
The TV star shared a video of their stunning accommodation and the surrounding beach, which she captioned: ‘This resort is amazing.’
Price has been beset by financial woes during the past few years as high-paid work seemed to dry up.
She used to fund her lifestyle through modelling, reality TV shows and fragrances at the height of her fame in the 1990s and 2000s.
Nowadays her main cash flow appears to be her Quest Red TV show My Crazy Life, her YouTube channel and plugging paid products on her Instagram account.
Price has five children – Junior, 15, Princess, 13, with ex-husband Peter Andre, Jett, seven, and Bunny, six, with her third ex-husband Kieran Hayler, and son Harvey, 18, with Dwight Yorke
She was forced to give up her £1.3million 11-bedroom ‘mucky mansion’ earlier this year after signing the property to a trustee.
The house in West Sussex, where Price lived with her children, included a swimming pool, tennis court and horse stables.
Earlier this month Price vowed to never return to the house of ‘bad memories’ and revealed she had moved in with Woods.
Price took out a second mortgage on the property in 2015 but faced monthly payments of £12,300, and is now thought to be £100,000 in arrears.
She is also believed to have spent £120,000 on housekeepers, gardeners and nannies.
Price has previously been married to singer Peter Andre, cage-fighter Alex Reid and former stripper Kieran Hayler.
Last week Price revealed she was trying for her sixth child, with Woods.
