A judge has ruled that Katie Price’s income from the social media platform TikTok will be cut off to help her repay debts from her two bankruptcies.
The former model was declared bankrupt in November 2019 and again in March this year and will face questions about her finances in London later this month.
In February, a judge in a specialized bankruptcy court ordered her to hand over 40 percent of her monthly income from the erotic website OnlyFans by February 2027.
Lawyers for the trustee of its bankruptcy had previously asked for the order to be extended to TikTok, but the platform’s lawyers said that while it had no objection to the move, it could not agree to it due to the mechanics of paying content creators.
On Monday, Insolvency and Companies Court Judge Catherine Burton said it was “appropriate” to order the “suspension of further payments” to Price from the platform until a solution was found. Price was not present at the remote hearing and was not represented.
In February, Judge Burton ordered Price, 46, to transfer 40 percent of her OnlyFans income to a bank account selected by the trustee to pay off her debts.
Darragh Connell, a lawyer representing the trustee, told the court that Price had previously reached a voluntary settlement of her debts but had failed to pay the agreed amounts.
In July, the order was expanded to include eight other companies from which Price earned revenue.
On Monday, Connell said that while “some progress has been made,” investigations into how TikTok could comply with the order were ongoing. Instead, she asked the court to block Price’s two “wallets” through which the platform pays her.
He added that there was a “real concern” that “potentially significant sums” could flow from TikTok to Price that the trustee “would not be able to easily reclaim” without the suspension.
Lauren Kreamer, representing TikTok, had previously stated in written statements that the platform had paid Price £84,000 for a three-month “agreement” under which she would “create e-commerce content for use in TikTok’s campaigns.” That agreement has now ended.
She said this fee was paid “along with an amount of £9,989.92 and much smaller payments ranging from £18.99 to £277.49,” which she said were believed to be “commissions” generated by third parties making purchases through the platform.
On Monday, she told the court that the company was “endeavouring to comply” with the order and that it was not attempting to “hinder or aggravate” the delay.
Price is due to appear in court on August 27 to face questions about her finances after a judge told her this month that she must appear “without any ifs, ands or buts.”
She was arrested at Heathrow on 8 August after she failed to appear at an earlier court hearing and a warrant was issued for her arrest.
