Sunday, Sep 26, 2010
Poverty-stricken single mother of four has house repossessed, is forced to rent
Mirror: Bankrupt Katona loses £1.25m home
Bankrupt Kerry Katona has been forced to sell her £1.25million home to help pay off her massive debts.
Mum-of-four Kerry, 30, bought the seven-bedroom home four years ago - but now she could even face making a huge loss on it.
A property-recovery firm has been told to sell the home in Wilmslow, Cheshire, as quickly as possible, meaning Kerry is unlikely to get anything close to its real value.
Mum-of-four Kerry - now renting a home in Surrey - was declared bankrupt two years ago after failing to pay the final £82,000 of an unpaid £417,000 tax bill. The full extent of her money woes were laid bare as it emerged she and ex Mark Croft blew £10million in just five years.
Posted by drewster @ 11:42 AM (1710 views) Add Comment
12 Comments
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1. markj69 str05 said...
What a great example to the masses. Blow oyur money and hope someone else picks up the pieces.
Maybe we should ship her off to 'Iceland'!
2. Simon said...
She really will be shopping at Iceland from now on .
3. Pyracantha said...
Why do we care? Because she is the failed poster child of a failed generation. She was once fit and that's about it.
4. Mrmx9 said...
"Kerry's agent Claire Powell said: "We're working hard to unravel the financial mess surrounding her.""
Its not her fault, its not her mess, its not her reckless wasteful spending. No its something 'surrounding her'.
Time to bring back debt prisons - so for at least a few weeks Heat, Ok magazine etc would have to find someone else to worry about.
5. alan_540 said...
Unbelievable that they blew £10m and didn't put enough aside to pay a lousy £82k bill. Stupidity on that scale doesn't make one very sympathetic.
6. righttoleech said...
Will she be eligible for Housing Benefit?
7. Crunchy said...
"Mirror: Bankrupt Katona loses £1.25m home"
It could not have happened to a nicer person. :)
Behold, the falling of false prophets. Satsung meets Celebrity, get me out of here.
8. Timg said...
Probably!
9. Crunchy said...
3. righttoleech said...Will she be eligible for Housing Benefit?
Eligible? She was made for it.
10. Lal said...
I bet she will get a council house with 4 bedrooms and literally thousands a month in benefits... because thats what she deserves... all that spending should be rewarded with our pity and tax payers money to fund her ridiculously considerate life style... I hope you hear the irony in my tone.
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