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Fashion: Former glamour model, Katie Price declared bankrupt for the second time

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Former glamour model, Katie Price has been declared bankrupt for the second time over an unpaid tax bill worth more than £750,000.

 

Price was previously declared bankrupt in 2019, owes £761,994.05 to HM Revenue and Customs.

 

The model who was previously declared bankrupt in November 2019, with debts of £3.2million, did not send a lawyer to her recent hearing which is the latest in a long string regarding her financial woes.

 

She now faces losing her £2million Sussex pad, dubbed Mucky Mansion – or could see bailiffs come round to repossess anything that could help pay back the government department.

 

At London’s Rolls Building, Insolvency and Companies Court Judge Sebastian Prentis said “there has been no response from the debtor. The papers are in order. There is substantial debt due from Ms Price to HMRC and therefore I will make a bankruptcy order.”

 

45-year-old Katie has dodged court for months after the case was moved half a dozen times since November 2021. The reality star and model is battling to save her £2million Sussex pad after running up debts of £3.2million.

 

According to court papers, £535,700 in unpaid national insurance or self-assessment tax make up the majority of the debt, as well as £40,000 in late payment fines.

 

In addition, she owes over £140,000 in missing VAT payments on top of almost £10,000 in VAT surcharges. The £761,994 claim is thought to be for a “liquidated sum”, which suggests she may need to sell assets or real estate to release equity.

 

The judge said;

 

“This petition was presented on 27 November 2023. It is in the sum of £761,194.05. That sum derives from self assessments for the years 2020-2021.

“And for that year 2021-2022 the amounts payable under those assessments were £142,405 and £196,735. The other main category on the petition is VAT due on returns. There are eight of those, being the returns between 31 August 2021 and 31 May 2023.

“The total of those is a little in excess of £140,000. Just as with the income tax self assessments, no payments at all have been made.

 

“The balance of the petition is therefore penalties and surcharges and interests and such like. The statutory demand in support of the petition was served personally on the 10 October.

“On 31 January 2024 there has been no response from the debtor and the papers are in order. There is a substantial debt due from Mrs Price to HMRC and I will therefore make a bankruptcy order at 12.03pm.”

 

The Channel 4 reality star is due to give evidence before an insolvency court in London next month in connection with her first bankruptcy. She is expected to give evidence to a judge about her income to show how she can pay off her debts.

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‘She will destroy your legacy’ – 2Face brother shares concerns about singer’s relationship

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Charles Idibia, also known as Charlybrave, brother to legendary Nigerian musician, 2Face, has shared his feelings in a heartfelt open letter to the singer.

In a lengthy instagram post, Charles praised 2Face for his calm and passionate nature, likening him to a “modern day Jesus” who silently endures criticism and blame to shield those responsible for his struggles.

Charles, however, voiced strong accusations against his brother’s current partner, Natasha Osawuru, claiming she is the source of distress. He detailed instances of alleged manipulation, including isolating 2Face from his business and personal life.

Charles urged his brother 2Face to step away from social media and focus on healing and reflection, emphasising the importance of prioritising his legacy and seven children.

He wrote, “To my dear @official2baba my…There are not enough words in English to express how much I love you, so I won’t even try.

“To the gentle, kind, loving, peaceful being, to the guy who would not intentionally hurt a fly, who would take losses in several businesses just to avoid any form of confrontations, who makes sure everyone around is comfortable even though he is not alright, who gets mute, and watches himself being painted as the bad guy just to protect the same person painting him as the bad guy.

“To the guy who I would dare to describe as the modern day Jesus Christ from Nigeria, because of how innocent and pure your heart is, to the most insanely talented musician that has ever graced my ears.

“I beg you today, to ‘WAKE UP! ‎ It can never be a crime to save yourself, to move on from where you were almost losing your life and soul, but you haven’t moved on, you have been captured from inside the frying pan to an industrial furnace.

“‎It’s one thing for a girlfriend to snoop in your phone and read messages out of curiosity or for other relationship reasons (it can even come off as cute), but a girlfriend who breaks into your phone to announce your divorce, because she had doubts about you going through with it, who posts and deletes a picture of herself on your socials and ask Nigerians to help you beg her to marry her while you sleep, who clones your what’sapp, deletes messages she doesn’t like and replies messages pretending to be you to steam roll her agendas, a control freak inside your emails and your accounts, who convinces you to abandon your management and businesses in Lagos and move to Abuja, just to become her arm candy and dragged all over Benin and to places the real you will definitely not go, who would make you defend lies and tolerate chaos , who would sabotage your business trips, who would do a whole lot of rubbish (I will not mention here out of shame) and hide under your name, who would adopt your surname, tell strangers, and whoever cares to listen, that she is your wife while you are still legally.”

The post has sparked discussion online, with fans reacting to Charles’ claims.

Here are some of the reactions below:

@ehijay_ said, “This is really sad, to think that this lady has reduced our legend to nothing is even more heartbreaking! I pray he comes out if this bondage”.

@yettyclesia commented, “God bless you, he needs all the help he can get”.

@official_lolah wrote, “God please just protect our 2baba from all of this madness restore his peace and happiness cos this is getting out of hand”.

@kiki.derika reacted, “My brother, God is awake and God is watching, darkness can never shine over light”.

@eleyi1 said, “You could not have said this any better, Inno is such a great human being to be in this spot all the time. He needs some serious internal work because how is he choosing his women!!”

Recall that Rose Idibia, mother of Nigerian music icon 2Face Idibia, had earlier this year raised an alarm over her son’s relationship with Edo lawmaker, Natasha Osawuru.

She alleged that Natasha spiritually captured 2Face by placing beads on his head and neck.

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‘Man is not built to sexually be with one woman’ – 2Face Idibia [VIDEO]

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Legendary Nigerian musician, Innocent Idibia, also known as 2Face, has revealed that it is not possible for him to be sexually committed to only one woman.

The singer stated this five months after he announced his separation from wife, Annie Macaulay Idibia.

The shocking development generated controversy on social media, especially among his fellow celebrities.

A few days after the divorce announcement, 2Face flaunted his new lover, Natasha Osawuru on the internet.

However, speaking in his latest interview with the media personality, Nedu, 2Face noted that it’s impossible for him to be with one woman sexually.

Nedu asked: “Is it possible to be loyal and be 2Face? Is it possible to be a loyal man to a woman?

“I have said this a couple of days ago, and I got into trouble for it but I didn’t care about that. Man no fits, I don’t know ooo but let me talk for my own self. I no go talk about other men.

“A man is not built to sexually be with one woman. Man can give his heart and love to one woman, but it’s impossible for a man to sexually be with one woman”.

DAILY POST reports that before their separation, Annie had severally accused the singer of infidelity. She revealed that the singer has five kids with other women outside their marriage.

Watch the singer speak.

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“She’s Amazing, But It Just Wasn’t Working” — 2Baba Opens Up on Split From Annie Idibia

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Nigerian music icon 2Baba (Innocent Idibia) has finally addressed his split from his longtime partner and actress, Annie Idibia, during a recent podcast with Nedu and co-hosts.

When asked about what went wrong in their marriage and if he could point out anything he might have done differently, 2Baba remained respectful and guarded but sincere.

“I think both of us, we gave it our best,” he said.
“Why we’re not together today, it’s not something I’m going to start talking about here in the public. Me and her, we get our understanding. She’s amazing, like I said earlier. It just wasn’t working no more. That’s just it.”

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