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LaLaLand · 20-12-2009, 04:52 PM

Quote:

Bankrupt Kerry Katona and mum to lose their homes in New Year

BANKRUPT I'm A Celeb winner Kerry Katona will be evicted from her home, after being told by the mortgage lender: We don't care if you're a celebrity - get out of here!

The devastated mum-of-four has not made the repayments on her £1.5 MILLION Cheshire mansion FOR MONTHS, so will be made homeless in the New Year.

Kerry, 29, broke down in tears when she received the repossession order forcing her and the family out on the streets after Christmas.

It means the disgraced face of supermarket chain Iceland may have to move BACK into a council house in Warrington where she grew up.

The reality TV star can't even move in with her mum Sue - because she's being evicted too. Kerry owns Sue's house and it has to be vacated in less than a month so it can be sold to pay the mounting debts.

Hysterical

Last night, a source close to the star told us: "She was totally hysterical when the letter arrived.

"She hasn't paid the mortgage because she's been squandering what money she has left.

"Kerry seemed to think she was immune from losing her home. She really didn't think that she, Kerry Katona, would have her house taken from her.

"But now the reality has hit hard - there is no going back, Kerry has lost her home for good. It is too late to negotiate with the mortgage lender, they have given her too many chances.

"She has just a few weeks to find somewhere to live but she knows it is probably going to be back in a council house in Warrington where she grew up."

The move would complete troubled Kerry's fall from Queen of the Jungle to penniless mum. She was declared bankrupt last year for failing to deliver the final £92,000 of a £467,000 tax bill.

She then lost her MTV reality show and a £290,000-a-year contract with Iceland after the News of the World obtained a video of her snorting cocaine at the plush home in Wilmslow.

The source added: "She was sobbing the other day about going back on benefits - but she has little choice. She worked so hard to become successful and rich. All she ever wanted to do was turn her back on her roots.

"Kerry's been a fool with money - signing on is the next step."

But it turns out Kerry COULD have kept the home she shares with husband Mark Croft, 39, and her kids - Molly, eight, Lilly-Sue, six, Heidi, three, and two-year-old Max - if she had taken control of her spending. The trustees in charge of her finances have been allocating her £8,000 every month to pay her mortgage.

The source added: "All the wages have gone to the trustees dealing with the bankruptcy. They had control of her earnings because she made a fortune from MTV, Iceland and mag deals.

Squandered

"They didn't want Kerry's family on the streets so all of her living costs were budgeted for - but Kerry squandered the money.

She has spent thousands buying Mark costly supercars including Range Rovers, BMWs, Mercedes, Aston Martins, an Audi, a Lamborghini, a Ferrari and Porsches.

"Instead of paying the mortgage and being sensible, she has continued with her millionaire lifestyle and run up £200,000-worth of fees concerning her bankruptcy," added our source. "The mortgage should have come first but Kerry thought she could wriggle out of it.

"Now she's literally lost the roof from over her head."

Deloitte, the firm dealing with Kerry's bankruptcy, said: "Whether somebody is bankrupt or not they must pay their mortgage or face losing their home."

http://www.newsoftheworld.co.uk/news...-New-Year.html

Looks like she desperately needs some dosh... Celeb BB anyone?

King Gizzard · 20-12-2009, 04:53 PM

Send her to exile in Fiji or something so we can here the last about her.

Jordan. · 20-12-2009, 05:08 PM

Shes brought it on herself.

Stacey. · 21-12-2009, 02:30 AM

awww no, i love kerry

hope her and her house will survive it all

Shes really lovely...
My favourite from IAC

- when she was on it!!

Jordan. · 21-12-2009, 02:38 AM

Quote:

Originally Posted by courtney123

awww no, i love kerry

hope her and her house will survive it all

Shes really lovely...
My favourite from IAC

- when she was on it!!

Haha Courtney you do make me laugh

"i hope her and her house will survive it all" LOL dont worry she can move into the CBB house instead

Save Kerry & Her House!!! Lmaoo

Stacey. · 21-12-2009, 02:39 AM

Quote:

Originally Posted by SPIDERPIG!

Haha Courtney you do make me laugh

"i hope her and her house will survive it all" LOL dont worry she can move into the CBB house instead

Save Kerry & Her House!!! Lmaoo

i make myself laugh sometimes too :/
oh yeh, CBB and her =

Lmaoo, LoveYouu <3

Jordan. · 21-12-2009, 02:45 AM

Quote:

Originally Posted by courtney123

i make myself laugh sometimes too :/
oh yeh, CBB and her =

Lmaoo, LoveYouu <3

Yay and you should laugh at yourself cause your funny

Love you too Courts!!!!

Stacey. · 21-12-2009, 02:50 AM

Quote:

Originally Posted by SPIDERPIG!

Yay and you should laugh at yourself cause your funny

Love you too Courts!!!!

Thankyou!
Youre one of the few members thats always nice to me

You,thebeast,Edward

,Patrick.
Most of the others, we have fallen out at some point

Lol,so Thankyou .

Jordan. · 21-12-2009, 02:53 AM

Quote:

Originally Posted by courtney123

Thankyou!
Youre one of the few members thats always nice to me

You,thebeast,Edward

,Patrick.
Most of the others, we have fallen out at some point

Lol,so Thankyou .

Its okay

im sure you'll make up with whoever you've fallen out with a some point

Stacey. · 21-12-2009, 02:59 AM

Quote:

Originally Posted by SPIDERPIG!

Its okay

im sure you'll make up with whoever you've fallen out with a some point

im now friends with sweety_samy,stephanie,jack.
We just had our differences,lets say

Jordan. · 21-12-2009, 03:01 AM

Quote:

Originally Posted by courtney123

im now friends with sweety_samy,stephanie,jack.
We just had our differences,lets say

Haha yeahh lol, you and Jords should make up! We need Jourtney back on TiBB at some point in the future

Stacey. · 21-12-2009, 03:05 AM

Quote:

Originally Posted by SPIDERPIG!

Haha yeahh lol, you and Jords should make up! We need Jourtney back on TiBB at some point in the future

awww lol, thanx

but im not too sure if Jourtney will ever be able to return,not from me, anyway.

not EVER.

Jordan has annoyed me-i never knew he could be like this

Jordan. · 21-12-2009, 03:11 AM

Quote:

Originally Posted by courtney123

awww lol, thanx

but im not too sure if Jourtney will ever be able to return,not from me, anyway.

not EVER.

Jordan has annoyed me-i never knew he could be like this

my name is Jordan as well!

i got confused there

, well anyway you should just see how things go for now

Stacey. · 21-12-2009, 03:12 AM

Quote:

Originally Posted by SPIDERPIG!

my name is Jordan as well!

i got confused there

, well anyway you should just see how things go for now

oh lmao, i had no idea!!!

lol
maybee :/ i dont know,,

Jordan. · 21-12-2009, 03:15 AM

Quote:

Originally Posted by courtney123

oh lmao, i had no idea!!!

lol
maybee :/ i dont know,,

i was planning on changing my username but then that would be even more confusing lol.

Anyway i think i best be going to bed its soo late i didnt even relise

Night Courtney!!!!!!!!!

Stacey. · 21-12-2009, 03:15 AM

Quote:

Originally Posted by SPIDERPIG!

i was planning on changing my username but then that would be even more confusing lol.

Anyway i think i best be going to bed its soo late i didnt even relise

Night Courtney!!!!!!!!!

haha.
I know right,, the time goes so quick on here

Talk tomorrow,night