Click here to see the left navigation

As one of the longest established financial solutions companies in the UK, we have helped over 170,000 people escape the pressures of debt. Learn more about us and why we’re the best people to help you, here.

Click here to find your solution today

Bankrupt Katona’s lavish abode raises eyebrows

Former Atomic Kitten singer Kerry Katona has caused a storm by upping sticks and moving into a luxury six-bedroomed mansion, despite still being subject to the terms of a bankruptcy order.

Katona, a controversial figure who has attracted much media attention for a variety of undesirable reasons, including alleged drug use and volatile relationships, is currently in a ‘state of bankruptcy’ and as such, eyebrows have been raised over the funding of her new home.

Located in the prosperous neighbourhood of Oxted, Surrey, the six bedroomed property includes millionaire’s luxuries such as an indoor swimming pool, cinema room and personal gym. The mansion, lying close to the Kent border and just a short trip from London, is believed to cost in the region of £5,500 to rent, a figure which is leading many to question how Katona has been able to afford the new home.

Bankruptcy orders normally last for a period of 12 months, after which, providing all conditions have been complied with, a discharge is given and the individual is freed from all their debts. However, failure to adhere to conditions of the order, such as continued repayments to certain creditors or neglecting to declare a source of income, can lead to the bankruptcy order being extended. Katona is currently in her 29th month of the bankruptcy order, a fact confirmed by the Insolvency Service, who would only say that ‘her discharge has been suspended.’

Under the terms of a bankruptcy order, individuals are permitted to deduct accommodation expenses before sharing the bulk of their disposable income among creditors. However, the expenses have to be reasonable and commensurate with requirements. It is therefore unclear how Katona has been allowed to afford the luxury pad. It is being widely speculated that Katona’s management are paying the vast bulk of the rental costs, with Katona herself either contributing little or nothing.

Find the right solution

Answer a few simple questions and we'll help you find your solution.
  • Total unsecured debt: £500

    Click here to read the privacy policy
  • This field is for validation purposes and should be left unchanged.

Find the right solution

Answer a few simple questions and we'll help you find your solution.
  • Total unsecured debt: £500

    Click here to read the privacy policy
  • This field is for validation purposes and should be left unchanged.
Click here to view the RSS feed