Katona Declared Bankrupt

Money worries aren’t just for the ‘everday’ person, and as it seems as though even fame-hungry stars should be taking debt advice too, as Queen of the Celebrity Jungle Kerry Katona has been declared bankrupt due to an unpaid tax bill.

The orginal bankruptcy petition has been declared to the Courts in January 2008, but it had been delayed in order to give the star time to pay off the full balance. Although she had reduced her tax bill from £417,000 to £82,000, this was not enough and HM Revenue and Customs (HMRC) agreed to the bankruptcy order against Ms Katona.