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Katie Price ‘begs friends for loans as she promises to make millions back’ after bankruptcy

Katie Price ‘begs friends for loans as she promises to make millions back’ (Picture: Rex)

Katie Price is said to be turning to her friends for help after being declared bankrupt.

The 41-year-old, who recently split with her on and off boyfriend Kris Boyson, was slapped with the news after she failed to pay off £12,000 in debt every month for four years to her creditors.

However, it has now been claimed that the former glamour model is asking her friends for loans, after reportedly vowing to make back her millions.

A source told The Sun: ‘Katie’s been asking friends for loans, saying that she’s already got several business ideas in the pipeline and that she’ll make her millions back in no time.

‘She’s saying that the Pricey will be back on top in no time, so they’ll get all their money back soon – probably with interest.’

She was recently declared bankrupt (Picture: Rex)

The insider added: ‘The thing is, Katie’s not really taking any of it seriously – she is treating it like a temporary thing, not a serious financial problem.’

Earlier this week, it was ruled that Katie must pay her ex-husband Alex Reid £150,000 over allegations she shared intimate footage of the MMA fighter with a TV audience.

The duo tied the knot back in 2010 however called off their relationship two years later.

In a video statement, the 44-year-old’s representatives said: ‘Mr Reid is very pleased that he has succeeded in his long-running action in breach of his privacy against his former wife, Katie Price.

The star has been ordered to pay Alex Reid £150,000 (Picture: PA Archive)

‘Judgement has been entered in his favour and Ms Price’s defence has been struck out, and Mr Reid vindicated.’

They added: ‘A further order of substantial costs irrelevant to her bankruptcy has been made, with a continuing injunction for the next five years to stop any abuse.

‘The date has been set for assessment of damages to be awarded to Mr Reid. That date is 9 March, 2020. A further statement will be released in due course.’

According to The Sun, Pricey allegedly showed intimate footage of the Celebrity Big Brother star to the 40-strong audience of Bit On The Side in January, 2018.

However, Katie maintained that she downloaded the videos in question from YouTube.

Metro.co.uk has reached out to Katie’s reps for further comment. 

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