Music

Katie Price shows off dramatic hair transformation after being declared bankrupt

Katie Price has given herself a new look just days after she was declared bankrupt after failing to repay the £12,000 a month she'd agreed as part of her individual voluntary arrangement.

The IVA was set to clear off some of the 41-year-old's debts within four years.

Now, as it's reported the former glamour model could lose her mansion, worth an estimated £2million, Katie has wowed fans with a new look.

Ditching her long brunette locks, the mum-of-five showed off a shorter hairdo in a much lighter colour.

The new hairstyle also featured a feather fringe that fell just above Katie's eyes.

  • Katie Price glams up for night out – hours after being declared bankrupt

  • Katie Price's journey from fresh-faced model worth £45million to bankrupt mum

Katie shared the snap with her 2.1million Instagram followers on her stories, which also featured a series of ads for her children's clothing line.

It's been a busy week for Katie, who was declared bankrupt at a court in London on Tuesday.

Her total repayments were estimated to be £250,000 however Katie was failing to pay back her monthly IVA.

Read More

Katie Price bankruptcy

  • Moving home?
  • What happens now?
  • Boyfriend split
  • Blames Peter Andre

Judge Jonathan Middleton, sitting at a specialist insolvency and companies court, said: "I do judge Ms Price to be bankrupt."

Katie and her lawyer did not attend the hearing at the Insolvency and Companies Court.

The former I'm A Celeb star was once worth an estimated £45million after a successful modelling career, plenty of books and a few clothing lines.

  • Alex Reid shares secret to his 7-year relationship with fiancée Nikki Manashe

  • Danielle Lloyd says she's pushing Katie Price to sell X-rated pics to online fans

Now, her assets will be released and distributed and may be sold on by a trustee, with the funds repaying creditors.

Just one day after being declared bankrupt, on Wednesday, Katie was reported to have split up with boyfriend Kris Boyson, 31 – again – after recently reuniting.

A source told The Sun: "Normally Katie's relationships end in a huge row, but with Kris it's different.

  • Katie Price savages I'm A Celeb's Emily Atack with vile 'fishy smell' comment

  • Kris Boyson refuses to walk with Katie Price during frosty Winter Wonderland trip

"They'll still stay friends and she will still need his help with the kids, and to stay at his house.

"He's really worried about her and all the pressure she's under – so that's why he's not walking away."

Source: Read Full Article