Katie Price's TikTok Income Suspended Amid Bankruptcy Case: Judge Rules | World Briefings
Subscribe to World Briefings's newsletter

News Updates

Let's join our newsletter!

Do not worry we don't spam!

World

Katie Price's TikTok Income Suspended Amid Bankruptcy Case: Judge Rules

20 August, 2024 - 12:57PM
Katie Price's TikTok Income Suspended Amid Bankruptcy Case: Judge Rules
Credit: img-s-msn-com.akamaized.net

Katie Price's TikTok income will be suspended as part of her ongoing bankruptcy dispute, a judge has ruled. The decision is part of efforts to pay off money the former glamour model owes under her two bankruptcies.

The former model was declared bankrupt in November 2019 and again in March this year, and is due to face questions over her finances in London later this month. In February, a judge at a specialist bankruptcy court ordered that she must pay 40% of her monthly income from the adult entertainment website OnlyFans until February 2027.

Barristers for the trustee of her bankruptcies had previously asked for the order to be extended to cover TikTok, but lawyers for the platform said that while it did not oppose the move, it could not consent to it due to the mechanisms of how content creators are paid. On Monday, the insolvency and companies court judge Catherine Burton said it was “appropriate” to order the “suspension of further payments” to Price from the platform until a solution could be found. Price was not in attendance at the remote hearing and was not represented.

In February, Judge Burton ordered Price, 46, to pay 40% of her income from OnlyFans into a bank account chosen by the trustee to pay off her debts. Darragh Connell, a barrister representing the trustee, told the court that Price had previously reached a voluntary agreement over her debts but had failed to pay the agreed figures.

In July, the order was extended to cover eight more companies from which Price gained income. On Monday, Connell said that “while some progress has been made”, investigations were continuing as to how TikTok could comply with the order, and instead asked the court for a hold to be put on Price’s two “wallets” through which the platform pays her. He added that there was a “real concern” that there could be “potentially substantial sums flowing” to Price from TikTok, which the trustee would not “be in a position to easily recover” without the suspension.

TikTok's Response

Lauren Kreamer, representing TikTok, previously said in written submissions that the platform had paid Price £84,000 for a three-month “agreement” in which she would “create e-commerce content for use by TikTok in its campaigns”, which had now ended. She said that fee had been paid “along with a sum of £9,989.92 and for much smaller payments, ranging from £18.99 to £277.49”, which it was believed represented “commissions” generated by third parties making purchases through the platform.

On Monday, she told the court the company was “endeavouring to comply” with the order and that it was not attempting to be “obstructive or difficult” through the delay.

Price's Missed Court Date and Arrest

Price is due to appear in court on 27 August to face questions over her finances after being told by a judge this month that she must attend with “no ifs or buts”. She was arrested at Heathrow on 8 August after a warrant was issued when she failed to attend an earlier court date.

Price's Financial Troubles

Price was declared bankrupt in November 2019 and again in March this year. The second bankruptcy was over an unpaid tax bill of more than £750,000. This latest ruling adds to Price's financial woes, highlighting the ongoing struggle to manage her debts and comply with court orders.

The Future of Price's TikTok Income

The suspension of Price's TikTok income is a significant development in her ongoing bankruptcy proceedings. It remains to be seen how TikTok will ultimately comply with the court order and how this will impact Price's financial future. The next hearing on August 27 will likely shed further light on these matters and potentially offer a glimpse into the strategies Price and her legal team will employ to navigate this difficult situation.

Katie Price's TikTok Income Suspended Amid Bankruptcy Case: Judge Rules
Credit: b-cdn.net
Tags:
Katie Price TikTok Katie Price TikTok Bankruptcy court income
Luca Rossi
Luca Rossi

Environmental Reporter

Reporting on environmental issues and sustainability.