Kerry Katona 'Facing Bankruptcy' (Again)

Kerry Cash-Ower

Kerry Katona is facing another financial meltdown after reportedly being hit with a huge £70,000 tax bill.

The troubled reality star has worked hard to rebuild her TV career after reaching rock bottom in 2008, when she was declared bankrupt and lost her home in Warrington.

Since ditching bad boy second husband Mark Croft in 2009 and turning her back on drugs, the mum-of-four has been a regular on our small screens - but her bank balance is allegedly still in dire straights.

According to The Sun, Kerry is facing bankruptcy for a second time if she doesn't find £70,000 to get the tax man off her back.

If that wasn't bad enough, she also allegedly owes former manager Claire Powell - who helped relaunch her career in 2010 - a massive £350,000 in unpaid commission. The Sun reports she is in talks with Claire - who also manages Peter Andre and Amy Childs - to sort out a payment plan.

However, there is one cloud with a silver lining - Kerry's first husband Brian McFadden has started paying for his two daughter's school fees.

Kerry recently revealed: "Brian is actually in my good books at the moment because he sent me a cheque for the kids' school fees yesterday for the first time in seven years!"

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