Katie Price struggles to sell stained designer trainers for £120 ahead of bankruptcy hearing

KATIE Price has struggled to flog her stained designer trainers ahead of her bankruptcy hearing.

The former glamour model listed her worn pair of Jimmy Choo shoes on selling website Depop.

Katie has been flogging her designer shoes and clothes online

5

Katie has been flogging her designer shoes and clothes onlineCredit: iNSTAGRAM
Katie has listed her Jimmy Choo trainers for sale

5

Katie has listed her Jimmy Choo trainers for saleCredit: Depop
The worn shoes have stains and the stitching appears to be threading

5

The worn shoes have stains and the stitching appears to be threadingCredit: Depop

The 44-year-old originally advertised the size 37.5 designer trainers for £150.

However, the Celebrity Big Brother winner has been forced to slash £30 off as they’ve still not sold eight months later.

Pictures Katie posted of the trainers show them to be in a tired condition.

There’s visible discolouration and the stitching appears to be threading.

Katie Price strips off for racy OnlyFans pics and promises fans 'new content'
Katie Price has TikTok ban lifted after ‘dangerous videos of youngest kids’

Katie states in the listing that she offers no returns or refunds.

However, Pricey’s online store is thriving with most of her other shoes and clothes selling out.

In October Katie avoided paying back a colossal £370k when her company Jordan Trading Ltd officially folded hundreds of thousands in debt.

In the final report before the firm was dissolved, joint liquidator Simon Thomas stated there was no chance of recouping all the debt, with the company owing £192,376 to the taxman and £25,745 to trade creditors.

Katie had also taken out £152,423 in director’s loans, which she failed to pay back, mounting up to a total of £370,544.

Thomas complained about her “non-compliance” and also gave an insight into just how much personal debt the 44-year-old is in after being declared bankrupt in November 2019.

We can reveal that the total amount now stands at £3.265 million with Jordan Trading Ltd being owed 4.73 per cent of that figure, which will never be regained.

Now a long legal battle is ahead for the creditors who are personally owed cash by Katie, whose £1.3 million “mucky mansion” is at risk. 

Thomas said he wasn’t prepared to get into the tussle, as it could take years to sort and much of the money from any “mucky mansion” sale would be swallowed up in lawyers’ fees.

The report states: “We have been advised that the creditors in the bankruptcy estate now total approximately £3.265m. As such, the Company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors. 

“Given that any realisation from the Director’s estate will likely be watered down by protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, the overdrawn director’s loan account is no longer economically viable to pursue.”

Trade creditors and HMRC received a pittance of what they were owed. 

Among the Jordan Trading Ltd’s only assets were £9,458 from her Loose Women appearance fees, £25k from money owed when the clothing firm Jigsaw collapsed, and a paltry £3.74 tax refund. 

In October Katie avoided paying back a colossal £370k when her company Jordan Trading Ltd officially folded hundreds of thousands in debt

5

In October Katie avoided paying back a colossal £370k when her company Jordan Trading Ltd officially folded hundreds of thousands in debtCredit: Instagram
Katie states in the listing that she offers no returns or refunds

5

Katie states in the listing that she offers no returns or refundsCredit: Instagram

We pay for your stories!

Do you have a story for The Sun Showbiz team?

!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’
fbq(‘init’, ‘752905198150451’);
fbq(‘track’, “PageView”);

You May Also Like

’90 Day Fiancé’ Star Jasmine Pineda’s Shocking Confession: She Doesn’t Love Gino or Matt 

Reality TV News Jasmine insists she loved Gino when she came to…

PK Kemsley Spotted Looking Cozy With a New Woman: It Might Really Be Over With Dorit

Reality TV News PK Kemsley and Dorit Kemsley have limited interactions, despite…

Critics Theorize That Jenelle Evans and Nathan Griffith May Have Been Flirting Ahead of His Domestic Battery Arrest

News Jenelle Evans took to TikTok to defend the father of her…

The Kardashians’ worst ever Photoshop fails – from missing bellybuttons to six toes & Kim’s bizarre excuse for FACE swap

KEEPING up with the Kardashians is no easy task – especially when…