Katie Price’s son Harvey has been forced to withdraw from £350,000-a-year residential college after the star was declared bankrupt for a second time.
Harvey has been attending and living at specialist institution National Star in Cheltenham since 2021, but his mother has admitted she ‘can’t pay’ the vast fees, after being swamped with an outstanding tax bill of £750,000.
Speaking on her The Katie Price Show podcast which she shares with her sister, Katie said: ‘I’m having a nightmare at the minute.
‘We were looking for him to stay at his college another year or if not a placement, but [the local authority] haven’t accepted it.
‘They’ve given me three months that he has to find somewhere else by July. With someone like Harvey you need the transitional move, you need to do it slow.
The court was told Katie owed £142,405 in tax for the 2020-2021 period and £196,735 for 2021-2022.
Katie Price’s son Harvey, 21, is being forced to withdraw from £350,000-a-year residential college after Katie, 45, is declared bankrupt for a second time
Harvey (pictured in 2021) has been attending and living at specialist institution National Star in Cheltenham since 2021
‘I’m trying to find somewhere nearer or something for Harvey but three months isn’t a long time.’
On Monday, Katie was declared bankrupt for a second time after failing to pay over £750,000 in unpaid tax – and will now face losing her home unless HMRC can recover the money.
The former glamour model failed to appear at a court hearing in London to explain why she has not paid any money to HMRC.
A judge at the High Court ruled that she be declared bankrupt after an official from HMRC said she has failed to pay any money owed or responded to any correspondence since the demand was made for the unpaid tax last year.
It is the second bankruptcy faced by Price as she is being chased by creditors for a £3.2million payment over the failure of her company Jordan Trading Ltd.
Judge Sebastion Prentis sitting at the High Court Rolls Building said Katie had been served with a petition in November 2023 with a demand for £761,994.05.
The huge amount is made up of unpaid tax from self-assessment on her earnings from 2020 to 2022 as well as penalties and surcharges.
The judge said she also owed £140,000 in unpaid VAT and added: ‘As with the unpaid tax no payment has been made.
Katie owes £142,405 in tax for 2020-2021 and £196,735 for 2021-2022, the court was told (pictured in front of her home, dubbed ‘Mucky Mansion’, which she could lose over her debts)
It is the second bankruptcy faced by Price as she is being chased by creditors for a £3.2million payment over the failure of her company Jordan Trading Ltd
It comes after Katie was fined £880 after being spotted in a Range Rover at a service station in August 2023 despite having no licence or insurance
Katie was served with papers in October by HMRC informing her of the debt owed – and she has failed to respond to the demand.
The judge said: ‘There is a substantial debt due from Miss Price due to HMRC and therefore I will make a bankruptcy order.’
Katie was first declared bankrupt in 2019 when her company went bust.
She has failed to appear at an insolvency hearing on six previous occasions with the model submitting an excuse for her no show each time.
Creditors are owed the £3.2million from her company selling perfume and cosmetics.
A HMRC source said every effort will be made to recover the money and if not paid then assets owed by Price will be seized.
The debt to HMRC could see her lose her £2million mansion dubbed ‘Mucky Mansion’ after it fell into a state of disrepair.
The latest court judgement adds to the woes of Katie who last week was fined for another motoring offence.
She was fined £880 after being caught driving a Range Rover at a service station on the A14 in Kettering, Northamptonshire in August 2023 despite having no licence or insurance.
As well as being handed eight penalty points – taking her total to 11 – the mother-of-five was also ordered to pay £972 in costs on top of the financial penalty.
