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Home » The Fall Of Katie Price: How Split From Peter Andre Led The Bankrupt Star Into A Spiral Of Self-Destruction – And Now Those Closest To Her Are Fearing The Worst

The Fall Of Katie Price: How Split From Peter Andre Led The Bankrupt Star Into A Spiral Of Self-Destruction – And Now Those Closest To Her Are Fearing The Worst

Sobbing at the baggage reclaim carousel at Malaga airport in the summer of 2009, Katie Price told me that her life was ‘over’ following her split from her beloved husband, Peter Andre.

Make-up free and dressed down in a tracksuit, she admitted ‘things were never going to be good again’ as she laid bare her heartache at their four-year marriage coming to an end.

‘Everything is so sad,’ she confessed – even though, at that very moment, she was off on her first holiday to Marbella with a new boyfriend, Alex Reid.

It was a statement that could not be more poignant today, as Katie – the glamour model formerly known as Jordan – faces losing her home and even criminal proceedings after being declared bankrupt for the second time.

Last Monday, a judge at the Insolvency and Companies Court heard how she owes nearly £762,000 to HMRC, which issued a bankruptcy petition last October following her tax self-assessments from the years 2020-2021 and 2021-22.

Katie Price attending a Celebrity Ex on the Beach event this week

Ms Price arriving at Crawley Magistrates’ Court in West Sussex to be sentenced for drink-driving

It’s been revealed that she owes huge sums: £142,405 and £196,735 for the tax years 2020-2021 and 2021-2022, plus £140,000 in VAT.

She has also been charged with late penalties and interest on top of this and has now racked up debts of more than £3.2million.

And this isn’t her first bankruptcy – the same thing happened to her in 2019.

Now, though, she could lose everything apart from the ‘bare essentials’ – including her £2million mansion in West Sussex – after owing the taxman money from her hundreds of thousands of pounds of earnings on OnlyFans, the online subscription service where her fans pay for risqué pictures of her.

Price, 45, could even face criminal proceedings and jail time like disgraced tennis star Boris Becker, who too fell foul of tax authorities in Britain.

On the surface it seems, however, that Price has had her head in the sand about the scale of her troubles. She has continued to have lavish holidays with her current boyfriend, JJ Slater, who recently starred on reality television programme, Married At First Sight. The pair were recently seen on a skiing trip despite her vast debts.

It is quite the fall for Price, who shortly after her split from Andre was said to be worth £40million.

But since they divorced in 2010, her life has spiralled out of control so dramatically that some of her closest friends and family members now fear for her wellbeing.

Katie Price with ex-husband Peter Andre

One friend of the star said: ‘Katie always feared that she would never get over Pete. He was the love of her life and when things went wrong she was heartbroken.

‘While she would often complain that he was strict with her and wouldn’t always let her do what she wanted to, he kept her on the straight and narrow. He made sure that she was on top of her life.

‘But more than that, she was happy with him, she was content.

‘Yes, there were cameras in their house, filming their home life for documentaries but it was the most normal Katie had been. She was happy, totally loved up and she wanted to live like that forever.

‘Pete was her protector. He wouldn’t see any harm come her way. Her life fell apart when they split up and it has gradually got worse and worse, into the biggest car crash.’

Price could certainly have done with Pete by her side this week when, instead of being present in court, she learned she had been made bankrupt while appearing on the Mail’s showbiz Straight To The Comments! Podcast.

When told the news, she replied: ‘Oh get lost… Are you actually serious, while I’m sat here? What have I done now?’

She added: ‘I know I had court, I think it was last week or the week before. Because of what’s going on in my life, I’ve actually been signed off because… I’m dealing with serious stuff.

‘There’s all different kinds of bankruptcy, I think they just use the word ‘bankruptcy’. No one actually knows the ins and outs of everything.

‘And trust me, I don’t get away with stuff either. Like, you can’t, like tax, you can’t ever run away from, you have to pay. Don’t think I sit and don’t pay stuff, because I do.’

The model with ex, Alex Reid. Following her split from Andre after a three and a half year marriage, she went onto marry cage fighter Reid less than a year later in Las Vegas

Some may beg to differ. Last week, she was fined £880 for driving without a licence or insurance in Northamptonshire in August last year. And she was visited by bailiffs recently who appeared to take a fleet of cars to recoup a £250,000 debt she owes her third ex-husband, personal trainer Kieran Hayler.

It’s quite a fall for Brighton-born Price, who shot to fame aged 16 when she began working as a Page 3 girl. Famous almost overnight, she quickly became the most sought after fodder for red top newspapers and was paid six-figure sums in return for endless interviews and photoshoots in OK! Magazine.

Her love life gave her plenty to talk about: she would be seen falling out of nightclubs on a weekly basis, and dated a string of famous men, including singer Dane Bowers and Manchester United footballer Dwight Yorke, with whom she went on to have son, Harvey, who has the condition septo-optic dysplasia which has left him blind and autistic.

Then she met Andre on the set of I’m A Celebrity in 2004. A year later, they married in a fairytale ceremony at Highclere Castle. The bride arrived in a carriage, dressed in a light pink meringue-style gown.

The couple went on to have son Junior, now 18, followed by daughter Princess, 16.

Today, Junior, who strongly resembles his father, is said to have a ‘strained’ relationship with his mother, while Princess and Price are close.

Following her split from Andre after a three and a half year marriage, she went onto marry cage fighter Reid less than a year later in Las Vegas. That marriage lasted little over a year.

Next up was Brazilian model Leandro Penna. Despite his English being rather scratchy, they became engaged but split before walking down the aisle.

Then there was a brief fling with rugby star Danny Cipriani before she met personal trainer Hayler, who she married in 2013. They had two children, Jett, 11, and Bunny, ten, before splitting in 2018.

Since then Price has flitted between boyfriends and admitted to self-medicating by using cocaine. After this revelation in 2021, she checked into the Priory and has since insisted her drug use is behind her.

The 45-year-old with her son Harvey, who she had with ex-footballer Dwight Yorke

Apart from filming her content for OnlyFans, Price spends her time pottering near her now rather dilapidated home in the tiny village of Dial Post in West Sussex. She’s often seen driving her pink Range Rover and regularly frequents the café at the Old Barn garden centre across the road from her home, where she enjoys a cup of tea and a cake.

Of course, it isn’t just her heartache at losing Andre that has set her on a course of self-destruction. Price has spoken openly of being a survivor of childhood sexual abuse and has told how she was raped in a park, aged just seven.

Then when she was 12, she says a photographer took indecent images of her when she started her modelling career.

Add to this, were her fears that her beloved mother Amy would die after being diagnosed with the terminal condition idiopathic pulmonary fibrosis. Thankfully, she has since been saved by a lung transplant.

However, as Price’s life becomes increasingly chaotic by the day, it has reached the point where those who care for her have begun to fear the worst.

A source close to those who know Price told me: ‘Watching Katie deteriorate so much is devastating.

‘She just won’t listen to anyone. She thinks she knows best and a lot of the time doesn’t appear to worry about things that are really very serious. It doesn’t matter how many times she is told that she needs to address matters such as paying her bills, she buries her head in the sand and carries on.

‘It is very easy to get really cross with her but in fact, her friends and family are deeply concerned for her wellbeing.

‘It has got to the point where some fear that at any point they could get a phone call to say that something awful and tragic has happened. It is heartbreaking.’

Indeed, as I know, in the flesh Price can be more vulnerable than bolshy. When she wept openly to me in August 2009, I was struck by how frail she was and, more than that, how insecure she appeared: for example, she complained about a spot on her face that she hadn’t covered up with make up. It was quite the opposite to the brash, loud and extremely confident woman I had met so many times before under her previous guise as Jordan.

At the time, she truly believed she had reached rock bottom.

But almost 15 years later, she has sunk to significant new depths.

As one friend puts it: ‘How much worse is it going to get now? We dread to think.’