Machibet777 LiveKatie Price to appear in bankruptcy court today to make last-ditch bid to stave off total financial collapse | The Sun - Machibet Live

KATIE Price will appear at the bankruptcy court today as she faces total financial collapse.

The reality star, once worth £45million, is scheduled to arrive at the Rolls Building in London, part of the High Court, for a hearing that could see her formally declared insolvent.

It has been revealed that Katie Price has blown her £45m fortuneCredit: Instagram

LATEST: Katie Price avoids bankruptcy but only has 12 weeks to stave off financial ruin

Katie, 40, has been bidding to stave off bankruptcy for months as her once lucrative media empire began to fall apart after the downfall of her third marriage and the collapse of her businesses.

The star is already trying to sell her £2million home, which sources claim is burdened with thousands of pounds in debt.

A source said: “Katie has always been very proud of her reputation as a successful businesswoman, despite everything else that has been said about her.

“She’s tried everything possible to avoid bankruptcy and has spent weeks trying to put off what was becoming increasingly inevitable, but this hearing could be the end of that last hope of saving it.

The 40-year-old has allegedly had to spend £10k on a new bedroom after Kris refused to sleep in the same bed ex Kieran Hayler slept inCredit: Instagram

The 40-year-old Katie Price was pictured mowing her own lawn during the weekend amid financial worriesCredit: BackGrid

The reality star wore a casual hoodie and leggings to sort out her gardenCredit: BackGrid

She has had to replace the bed she slept in with Kieran - despite being on the verge on bankruptcy

Katie and Kieran shared the bed in question for five years

Kris also apparently wants rid of the sofas Kieran would snap endless selfies from

Katie Price's West Sussex house is a total mess amid money woes

The Sun revealed the former glamour model posed for the shots in a bid to make money in order to stave off bankruptcyCredit: BackGrid

The 40-year-old was prepared to pose for the raunchy snaps in order to save herself from financial collapseCredit: BackGrid

Some of the pictures of the couple were exceptionally suggestiveCredit: BackGrid

“She is going to have to face the music.”

Last month The Sun revealed Katie is selling her menagerie of farmyard animals in a bid to sort out her finances, with a source saying she “isn’t as flush as she was”.

It also told how the glamour model’s £2million West Sussex mansion was in a massive state of disrepair, with the swimming pools and tennis courts abandoned and rubbish strewn across the property.

Katie, whose reality show My Crazy Life is currently airing, was then pictured in Thailand writhing naked on toyboy Kris Boyson, 29, in what The Sun later revealed was a paid bid to stave off bankruptcy amid her divorce from stripper Kieran Hayler, 31.

Katie and new beau Kris were apparently considering making a sex tape in a bid to raise cashCredit: BackGrid

Katie has relied heavily on Kris for emotional support during this rough period in her lifeCredit: Instagram

Katie's mum, Amy, and brother, Dan, have warned Katie from moving Kris in too quicklyCredit: Splash News

Aerial images of Katie's West Sussex mansion confirm it has fallen into massive disrepairCredit: The Mega Agency

Outside rubbish and rotting furniture can be seen piling upCredit: Discovery

Katie's eldest children Princess and Junior have said the house felt messyCredit: Discovery

The second series of her reality TV show revealed she's hired professional help to sort through the rubbishCredit: Discovery

A close-up view of her swimming pool reveals it hasn't been used in many monthsCredit: The Mega Agency

The majority of the former glamour model's businesses have closed down in recent yearsCredit: Rex Features

This month The Sun uncovered the full extent of her cash woes, revealing she had blown her entire £45million fortune on plastic surgery, luxury holidays and other costly expenses, and that she has no viable running businesses.

Question marks emerged over whether she could afford the £10k a month repayments on her over £1million mortgage, which was £100k in arrears, plus a £25k yearly heating bill and £120k army of housekeepers — explaining her estate’s shoddy upkeep.

Yesterday Katie took maintenance of the nine-bedroom property into her own hands as she was pictured mowing the lawn.

In her Noughties pomp, the former Page 3 girl raked in £6.2million for a string of autobiographical reality shows.