| T O P I C R E V I E W |
| sunshine |
Posted - 07 January 2011 : 18:13:23
Has anyone else watched the Kerry Katona show on itv2? It pains me to watch it...but I am trying to understand how she is living the lifestyle she does when she is bankrupt. I assume her management company pay for her house etc but last night she said her kids are in private school...and i just wondered how she fills in her I&E forms like the rest of us??? |
| 13 L A T E S T R E P L I E S (Newest First) |
| sunshine |
Posted - 13 January 2011 : 21:11:58
Very interesting reading this topic....I'm glad I asked....x |
| Bigal4787 |
Posted - 13 January 2011 : 14:31:12
That's why her AD was suspended,so that the trustee could identify them and take the appropriate action to deal with them for the benefit of creditors.
I dealt with a number of celebreties who were declared bankrupt, but unlike Kerry Katona, they were on the phone wanting to know what they had to do to fully co-operate, in all cases they eventually had their bankruptcies annulled.
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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| Niobe |
Posted - 13 January 2011 : 08:11:53
They may not be, but a lot of us would like to know how she can afford to buy a large house and have several decent motors whilst bankrupt. The majority of people struggle to find somewhere to rent.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
xx |
| Bigal4787 |
Posted - 10 January 2011 : 14:49:25
Hi,
Ms Katona having been declared bankrupt on a creditors petition(HMRC), would have had to complete a PIQ(preliminary information questionnaire) as opposed to an SOA(statement of affairs).
It was the trustee who applied for her discharge to be suspended, no doubt because she was prevaricating over providing further information. However, whenever a trustee has been appointed they will always leave it until the 11th hour to apply for a SOD(suspension of discharge),but not before they refer back to the OR asking them to apply for it, which the OR won't as they are no longer trustee, thus delaying matters further.
No doubt her fees from dancing on ice will be used to discharge her liabilities, which aren't as much as many may think.
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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| Niobe |
Posted - 08 January 2011 : 17:02:20
I am sure that Kerrys OR is keeping close tabs on her, and as Tracey has posted, Melanie Giles does know her trustee and she won't be allowed to get away with anything - hence the fact that she has not been discharged yet.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
xx |
| debtinfo |
Posted - 08 January 2011 : 14:14:10
Well, the ultimate sanction for not declaring something like that is prison, this is obviously the most extreme example but it does happen. There are a whole range of other sanctions inbetween from bankruptcy restriction orders to fines, community service etc.
The key point is that not declaring something is one of the few things in bankruptcy that is still a criminal matter that you can be prosecuted for |
| sarahhoughton |
Posted - 08 January 2011 : 12:53:52
Hello all
I've been reading this post and having a little chuckle with myself but it has got me thinking.
Obviously Ms Katona is not living the life of a normal BR person (well how I would think away) because from my own experiences of BR Money is tight every month and I certainly don't have the money to drive the car she does or where the designer clothes she has.
There must be people who have been declared BR and come into money say in the 9th or 10th month of there BR and think I'll keep my mouth shut and not inform the OR so not to lose it etc. Or they may start a second job during the BR and get paid cash in hand etc.
My question is how strict are the IS in actually enforcing the BR's person Income during the period and what exactly are the consequences or most likely possible outcomes of not telling them about and spending say a windfall, inheritent, redundancy payment or income from a second job during the 12month BR period? Obviously if you have an IPA its slightly different because you will be in it for 36months but I was just wondering in general.
Thank you
Sarah
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| RHB |
Posted - 08 January 2011 : 10:06:26
From what some IP's have said, you can get to keep such items if you say they are necessary for you to earn your living as well. |
| Bigal4787 |
Posted - 08 January 2011 : 09:09:46
By the looks of it, the SOD was applied for just 1 month prior to AD, this makes me think that she was hoping that by stringing things out she would get AD, as it can take up to 6 weeks to get a hearing date for a SOD.
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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| Skippy |
Posted - 07 January 2011 : 19:34:35
While it looks as though she's getting an easy ride I'm sure she's not - Melanie Giles has posted on the IVA forum about this and she knows her trustee.
While I can't stand Kerry Katona it seems as though there's more to this than has been made public.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
| gettingoutofdebt |
Posted - 07 January 2011 : 19:18:39
She is listed on the Insolvency Register as 'Discharge Suspended Indefinitely' and the BR Order was made on the 21 August 2008 so it looks like she will be BR for a while.
Her footnote on the Register mentions:
Order suspending bankrupt’s discharge under Section 279(3) of the Insolvency Act 1986 until the fulfillment of conditions as specified in the Order made by the Court and effective from 14 July 2009
I'm surprised it lists her address on the Register as well unless she no longer lives there. |
| debtinfo |
Posted - 07 January 2011 : 18:32:14
Last i heard she was still bankrupt, ie discharge suspended and that usually mens non coop-opration |
| RHB |
Posted - 07 January 2011 : 18:23:10
I would imagine that it was all "gifted" to someone else before the bankruptcy, if you have money you always get away with a lot more, just look at out MP's lol!! |
