Katie Price is declared bankrupt for a SECOND time over unpaid tax bill worth more than £750,000

Katie Price has been declared bankrupt for a second time after failing to pay over £750,000 in unpaid tax - and will now face losing her home unless HMRC can recover the money.

The former glamour model failed to appear at a court hearing in London to explain why she has not paid any money to HMRC.

A judge at the High Court ruled that she be declared bankrupt after an official from HMRC said she has failed to pay any money owed or responded to any correspondence since the demand was made for the unpaid tax last year.

It is the second bankruptcy faced by Price as she is being chased by creditors for a £3.2million payment over the failure of her company Jordan Trading Ltd.

Judge Sebastion Prentis sitting at the High Court Rolls Building said Price had been served with a petition on November 27 2023 with a demand for £761,994.05.

The former glamour model,  45, was declared bankrupt in 2019

Katie Price was declared bankrupt for a second time after failing to pay over £750,000 in unpaid tax

Katie is being chased by creditors for a £3.2million payment over the failure of her company Jordan Trading Ltd

The huge amount is made up of unpaid tax from self-assessment on her earnings from2020 – 2022 as well as penalties and surcharges.

The court was told she owed £142,405 in tax for 2020-2021 and £196,735 for 2021-2022.

The judge said she also owed £140,000 in unpaid VAT and added:’ As with the unpaid tax no payment has been made.’

Price was served with papers in October by HMRC informing her of the debt owed – and she has failed to respond to the demand.

The judge said: ‘There is a substantial debt due from Miss Price due to HMRC and therefore I will make a bankruptcy order.’

Price, who has become known for her flouting her surgically enhanced figure on overseas trips, was first made bankrupt in 2019 when her company went bust.

She has failed to appear at an insolvency hearing on six previous occasions with the model submitting an excuse for her no show each time.

Creditors are owed the £3.2million from her company selling perfume and cosmetics.

Pictured: Katie standing in front of her home, dubbed 'Mucky Mansion', which she could lose over her debts

Katie owes £142,405 in tax for 2020-2021 and £196,735 for 2021-2022, the court was told

A HMRC source said every effort will be made to recover the money and if not paid then assets owed by Price will be seized.

The debt to HMRC could see her lose her £2million mansion dubbed ‘Mucky Mansion’ after it fell into a state of disrepair.

The latest court judgement adds to the woes of Price who last week was fined for another motoring offence.

She was fined £880 after being caught driving a Range Rover at a service station on the A14 in Kettering, Northamptonshire in August 2023 despite having no licence or insurance.

As well as being handed eight penalty points - taking her total to 11 - the mother-of-five was also ordered to pay £972 in costs on top of the financial penalty.