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Bankrupt Katie Price claws back £5k in 9 months after flogging items on Depop

KATIE Price has earned nearly £5,000 in the past nine months from flogging her secondhand clothes.

The bankrupt star, 44, has sold close to 2,500 items on Depop in total, and it’s proving a lucrative side hustle.

Katie Price is making thousands of pounds from Depop

Katie Price is making thousands of pounds from DepopCrédit: Instagram
The star listed more items on her Depop site this week

The star listed more items on her Depop site this weekCrédit: INSTAGRAM

Her most recent sale was a navy zip-up top that went for a modest £8. Prices of items vary greatly, with a pair of Laboutin heels selling for £200 five months ago.

Katie’s latest drop on the site was released on Monday and it has been selling like hotcakes.

If the rest of her catalogue proved to be of similar value to the last nine monthssales, she will have made around £35,000 in total.

Many of the items still have tags on and look to have never been worn before.

Other brands featured include Stella McCartney, Fila, Burberry, Ivy Park and Topshop.

In October Katie avoided paying back a colossal £370k when her company Jordan Trading Ltd officially folded hundreds of thousands in debt.

In the final report before the firm was dissolved, joint liquidator Simon Thomas stated there was no chance of recouping all the debt, with the company owing £192,376 to the taxman and £25,745 to trade creditors.

Katie had also taken out £152,423 in director’s loans, which she failed to pay back, mounting up to a total of £370,544.

Thomas complained about hernon-complianceand also gave an insight into just how much personal debt the 44-year-old is in after being declared bankrupt en novembre 2019.

We can reveal that the total amount now stands at £3.265 million with Jordan Trading Ltd being owed 4.73 per cent of that figure, which will never be regained.

Now a long legal battle is ahead for the creditors who are personally owed cash by Katie, whose £1.3 million “manoir saleis at risk.

Thomas said he wasn’t prepared to get into the tussle, as it could take years to sort and much of the money from any “mucky mansionsale would be swallowed up in lawyers’ Elle l'a déposée en août pour tenter de faire rejeter l'affaire.

Le rapport indique: “We have been advised that the creditors in the bankruptcy estate now total approximately £3.265m. En tant que tel, the Company’s claim in the bankruptcy amounts to approximately 4.73% of the total creditors.

“Given that any realisation from the Director’s estate will likely be watered down by protracted legal issues the Trustee is facing dealing with the Director’s non-compliance, the overdrawn director’s loan account is no longer economically viable to pursue.”

Trade creditors and HMRC received a pittance of what they were owed.

Among the Jordan Trading Ltd’s only assets were £9,458 from her Loose Women appearance fees, £25k from money owed when the clothing firm Jigsaw collapsed, and a paltry £3.74 tax refund.

Katie is living inside her Sussex mansion once again after major renovation work

Katie is living inside her Sussex mansion once again after major renovation workCrédit: youtube/KatiePrice