After a London Court declares Katie Price bankrupt, she sells off her engagement ring worth crores.
Picture Courtesy: Official Instagram Account/Katie Price
Katie Price declared bankrupt by a London court a few days ago, is said to have been forced to sell her 230,000-pound (Rs 2.15 crore) diamond engagement rings ex-husband Peter Andre gave her, a media report said.
A mother of five, Katie was given three engagement rings by singer Peter, with whom she has two kids -- Junior and Princess. The Mirror reported that the couple met on I'm A Celebrity in 2004 and married in 2005, only to separate four years later.
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Katie was declared bankrupt in November after she failed to pay off thousands of pounds in debt despite warnings from her creditors. Katie, earlier known by pseudonym Jordan, is a media personality, model, and author. She was declared bankrupt after she blew her entire 45-million-pound (Rs 413 crore; USD 57 million) fortune over the years.
She didn't turn up in person or sent a lawyer to fight her case in court. In September, a bankruptcy charge was laid on her West Sussex mansion. At a hearing in October 2018, she was given time to negotiate a deal with taxmen over her finances and her proposal for an IVA was accepted on November 30, 2018.
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