KATIE Price is “hiding” her £75,000 Range Rover to stop bailiffs snatching it.
The Sun Online revealed last month the mum-of-five is just days away from a bankruptcy hearing and has reportedly taken desperate action to stop creditors seizing her beloved vehicle.
Katie, 41, is due to appear at The Rolls Building in London, where commercial and property business matters are hammered out, next week.
The mother-of-five already swerved bankruptcy once last year, but still faces losing her house thanks to a bankruptcy petition which calls for her assets to be taken and sold to pay her debts.
Now Katie is allegedly trying to save her pink Range Rover by keeping it out of sight of bailiffs.
Their source said: “She’s told a few of her close friends that her car was going to be repossessed a few weeks ago so she hid it from the creditors to ensure it would go back to the garage that loaned it to her.
“She’s worried bailiffs will come to the house and take it, so she’s moved it in a garage a few miles away.
“At the time she took out the car, she was told that if she doesn’t return it then the dealer would have to report it to the police as stolen, which is why she is hiding it to ensure it gets back to the dealer.”
Katie and her garish motor hit the headlines this time last year after she crashed the 4×4 after a night out in Woolwich, South London.
Police charged the former glamour model with being “drunk in charge of a motor vehicle” after she was breathalysed when she allegedly crashed her garish pink Range Rover in the early hours of October 10.
She was later slapped with a three-month driving ban after the judge found her guilty of being in charge of a vehicle while over the limit, but ordered drink-driving charges to be dropped due to insufficient evidence.
Official records show Katie has had a bankruptcy petition placed on the house as part of her ongoing Individual Voluntary Arrangement with debtors – and she’ll find out on 14 October if she’ll face losing the family home.
Katie, who split from third husband Kieran Hayler last year, was allowed to enter into the IVA, a deal to pay back some of her debts, if she agreed topay back over £12,000 a month over the course of four years.
Documents previously showed the former Loose Women presenter, who was once worth £45million, had racked up a staggering £2.1million of debt, despite staving off bankruptcy.
The Sun reported back in March that Katie still owed more than £800,000, but she’s showed no signs of curbing her spending.
Since then, she’s jetted to Thailand, Greece, and Turkey three times.
“She’s building a beauty studio where she can film YouTube videos as part of her new vlogging career, and a small gym that Kris can work out of – something she always promised Kieran but didn’t do.”
She has in fact saved some pennies as Katie travelled to Turkey for free rounds of plastic surgery, shocking fans with the results of numerous face lifts.