The world's popular television artist Katie Price suddenly went bankrupt. A London court has declared her bankrupt. Despite the warning, she has not repaid the debt of thousands of pounds of creditors. The bank's total debt on her is 413 crore. Katie, a mother of five children and a well-known model, has also had to lose her luxurious bungalow named 'Mucky Mansion' in Sussex.

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Katie Price bought this bungalow in 2014 for about 1.3 million euros. The current price of this bungalow is said to be over 1.6 million euros. In the bankrupt case, the 9-bedroom bungalow of the singer is on the verge of an auction, which will be sold to repay the debts taken by the singer.

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Katie had made a plan to return the entire money of the bank in the year 2018 to avoid bankruptcy. Under this scheme, she offered a personal voluntary agreement to the court. According to which she was going to pay all the money in installments, but she failed to repay it. All her cheques bounced, after which the court declared her bankrupt. Now all the bank accounts of Katie will be sealed and now the trust will be responsible for selling her property.

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