Katona given until August to avoid bankruptcy

Katona given until August to avoid bankruptcy

Kerry Katona was given a reprieve by a UK High Court bankruptcy registrar today in her battle with the taxman.

She has been given until August 7 to find £157,000 (€199,000) to pay off the remainder of a £417,000 (€528,000) tax bill.

Luke Harris, representing Miss Katona, 27, who was not in court, said she could not meet the full amount because of “changed circumstances”.

He said she was expecting payments of £472,000 (€598,000) before the end of August - £291,000 (€368,000) for work already done.

Mr Harris said: “She had not been able to earn the money (at the time of an earlier court hearing) but on this occasion she has earned it.”

He added: “She is also strenuously seeking to remortgage her properties. But if the money comes in there is no need. I would ask for one final indulgence by the court.”

Henderson Collymore, representing HM Revenue & Customs (HMRC), said it did not want a further adjournment and his instructions were to seek a bankruptcy order.

Mr Harris had asked for the hearing to be in private because the media attention was “detrimental to her health” and involved private matters.

But the registrar said Miss Katona had provided no medical evidence to back up her application and he allowed the hearing to go ahead in pubic.

The troubled star, who has been treated at The Priory for depression, was originally given 10 weeks to pay her tax bill.

It has been reported that as well as being threatened with bankruptcy by HMRC over the unpaid tax from 2004 to 2006, she owes £73,000 (€92,500) tax from 2007.

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