Kerry Katona Bankrupt

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Wayward Kerry Katona is facing bankruptcy proceedings over her debts of nearly $2 million. The star could lose the roof over her head after blowing a fortune on drugs, booze and parties.

As she prepared for her 11-month-old daughter Heidi’s christening last week, the Land Registry Bankruptcy Unit served Kerry with official papers. They warned her insolvency proceedings were going ahead, and secured her two properties so they can be sold off to pay creditors.

The big spending ex-Atomic Kitten singer and her husband, former drug dealer Mark Croft, have hired a team of insolvency advisors to help sort out their main debts. These comprise $1,400,000 claimed by the taxman, including an immediate $400,000 instalment, and $120,000 in loans and credit card bills.

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anonymous 10 uselessplace Published 2/11/08   Message Add to Friends
 

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