Katie Price’s TikTok earnings have been put on hold as part of her ongoing efforts to pay off her debts from two bankruptcies, according to a recent court ruling.
The former glamour model was declared bankrupt in November 2019 and again in March this year, and is set to face questions about her finances in London later this month. It has been revealed that Katie has made around £100,000 from TikTok.
Earlier this year, a judge at a specialist bankruptcy court ruled that the 46 year old must pay 40% of her monthly income from adult entertainment site OnlyFans until February 2027. Lawyers for the trustee of her bankruptcies had previously requested that the order be extended to include TikTok, but representatives for the platform stated that while they didn’t oppose the move, they couldn’t consent to it due to the way content creators are paid.
On Monday (19 August), Insolvency and Companies Court Judge Catherine Burton deemed it “appropriate” to halt further payments to Price from TikTok until a solution could be found. Katie was not present at the remote hearing and did not have representation.
In February, Judge Burton ordered Price to deposit 40% of her OnlyFans income into a bank account chosen by the trustee to help pay off her debts. Barrister Darragh Connell, representing the trustee, informed the court that Price had previously agreed to a voluntary arrangement over her debts, but had failed to meet the agreed payment amounts.
In July, the order was extended to cover eight more companies from which Price earns income.
During the hearing, Mr Connell expressed concerns that “the sums of income being paid to the bankrupt will simply not be paid to the trustee”, mentioning that 40% was a “reasonable sum” for Price to pay.
On Monday, the barrister noted some progress but stated investigations were still underway regarding TikTok’s compliance with the order. He requested the court to freeze Price’s two “wallets” used for receiving payments from the platform, citing a “real concern” about “potentially substantial sums flowing” to Price that might be hard for the trustee to recover without the suspension.
Lauren Kreamer, representing TikTok, had previously outlined in written submissions that the platform paid Katie £84,000 for a three-month “agreement” to “create e-commerce content for use by TikTok in its campaigns”, which has since concluded.
She detailed that this fee was paid along with £9,989.92 and other smaller amounts, ranging from £18.99 to £277.49, believed to be “commissions” from third-party purchases on the platform.
On Monday, Kreamer assured the court that TikTok was actively working to comply with the order and stressed that any delays were not due to the company being “obstructive or difficult”.
Katie is due to appear in court on August 27 to face questions over her finances, following a stern “no ifs or buts” directive from the judge. This comes on the heels of her Heathrow Airport arrest due to an earlier missed court date.