As part of the efforts to pay off money owing to her as a result of her two bankruptcies, a judge has decided that Katie Price would have her revenue from the social media platform TikTok suspended; this decision was made.
The former model was declared bankrupt in November 2019 and again in March of this year. She is scheduled to make an appearance in London later this month to answer questions about her financial situation.
A judge at a specialised bankruptcy court issued an order in February requiring her to pay forty percent of the monthly income she receives from the adult entertainment website OnlyFans until sixteen years from now, in February 2027.
Barristers for the trustee of her bankruptcies had earlier requested that the order be extended to cover TikTok. However, lawyers for the site stated that although they did not oppose the move, they were unable to accede to it because of the processes that govern how content creators are compensated.
Catherine Burton, a judge in the bankruptcy and business court, stated on Monday that it was “appropriate” to order the “suspension of further payments” to be made to Price from the platform until a solution could be found. Price did not appear at the remote hearing, and he did not have a representative throughout the hearing.
Price, who is 46 years old, was required by Judge Burton in February to pay off her debts by depositing 40% of her OnlyFans earnings into a bank account that the trustee had chosen.
Price had previously struck a voluntary agreement over her obligations, but she had failed to pay the agreed-upon sums, according to Darragh Connell, a barrister for the trustee, who testified in front of the court.
During the month of July, the order was expanded to include eight additional businesses from which Price had earned cash.
In a statement that was released on Monday, Connell stated that “while some progress has been made,” investigations were still ongoing to determine how TikTok could comply with the order. Instead, he asked that the court place a hold on Price’s two “wallets,” which the website uses to pay her.
He went on to say that there was a “real concern” that there could be “potentially substantial sums flowing” to Price from TikTok and that the trustee would not be “in a position to easily recover” these sums if the suspension was not in place.
Previously, Lauren Kreamer, who was representing TikTok, stated in written submissions that the platform had paid Price £84,000 for a three-month “agreement” in which she would “create e-commerce content for use by TikTok in its campaigns.” However, this agreement has now come to an end.
According to her, that amount had been paid “along with a sum of £9,989.92 and for much smaller payments, ranging from £18.99 to £277.49.” It was believed that these payments represented “commissions” generated by third parties who made purchases through the platform.
In her statement to the court on Monday, she stated that the company was “attempting to comply” with the order and that it was not making any effort to be “obstructive or difficult” during the wait.
After being informed by a judge earlier this month that she is required to appear in court with “no ifs or buts,” Price is scheduled to make an appearance on August 27 in order to answer questions about her financial situation.
She was taken into custody at Heathrow Airport after a warrant was issued for her arrest because she had failed to appear in court for an earlier scheduled date.