Kerry Katona 'Facing Bankruptcy For The Third Time'

Kerry Facing Bankruptcy For The THIRD Time
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Kerry Katona is facing bankruptcy for the third time, according to reports.

The 33-year-old - who is pregnant with her fifth child - reportedly split with her manager over money and now friends say she is struggling to pay the £5,000-a-month rent on the six-bedroom Oxfordshire mansion she shares with her fiancé George Kay.

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Kerry Katona

“She worked on a doomed start-up radio station and money from ITV’s The Big Reunion has dried up because the second series has new bands.”

After first being declared bankrupt in 2008, Kerry was dropped as the face of payday loan company Cash Lady after filing for bankruptcy for the second time in July last year.

She subsequently cancelled her wedding to George, admitting it had put a strain on their relationship.

"Yeah, we can’t afford it," she said at the time. "It’s not a priority – as long as we’re together, that’s the main thing.

"It has definitely put a big strain on us… If this was five years ago, I’d probably turn straight back to drugs, but I’m in a completely different place now."

But despite a potential third bankruptcy on the horizon, Kerry was remaining upbeat yesterday, telling the Sun on Sunday: “As with every family after Christmas, money is tight.

“But that’s every year, whether I’m bankrupt or not. We all know I’m not rolling in it but I’m doing my best to get back on top. And praying to win the lotto!”

Bankrupt stars
Kerry Katona(01 of11)
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Despite her fortune for her Atomic Kitten days and various relaity TV appearances, Kerry was officially made broke in 2008 when she failed to cough up the final £82,000 of a £417,000 tax bill. A turn as a housemate on 'Celebrity Big Brother' helped her to finally pay off her debts. (credit:Getty Images)
Shane Filan(02 of11)
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The Westlife star and property investor was made bankrupt in June 2012 when the housing market crashed, and left him owing more than €5.5m (£4.45m) to Ulster Bank and Bank of Ireland. (credit:Getty Images)
Martine McCutcheon(03 of11)
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Martine filed for bankruptcy in in 2013, when she amassed debts of £187,000. (credit:Getty Images)
Stephen Baldwin(04 of11)
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When Stephen defaulted on a mortgage payment in 2009, he filed for bankcruptcy claiming he was $2.3m in debt. (credit:Getty Images)
Joe Swash(05 of11)
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The former 'EastEnders' star was made bankrupt by London's High Court in 2009 after he failed to pay a £20,000 tax bill. (credit:Getty Images)
Peter Stringfellow(06 of11)
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Peter lost a reported $20m in 1992 after a failed attempt to crack America. (credit:Getty Images)
Christopher Biggins(07 of11)
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Biggins reckons that going into voluntary bankruptcy 15 years ago was the 'best thing that ever happened' to him. The star was forced into it after work offers slowed down. (credit:Getty Images)
Mike Tyson(08 of11)
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The boxer owed both the US and British governments $17m in taxes, $750,000 to law firms and $300,000 to limo services and became bankrupt in 2004. (credit:Getty Images)
Donald Trump(09 of11)
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He may be a multi-billionaire, but Donald Trump has filed for corporate bankruptcy four times! However, he has never filed for personal bankruptcy. (credit:Getty Images)
Neil Morrissey (10 of11)
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Neil entered into an individual voluntary arrangement (IVA) after a property scheme in which he invested collapsed, leaving him millions of pounds in debt. (credit:Getty Images)
MC Hammer(11 of11)
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One hit wonder MC Hammer's living beyond his means meant he was $13m in debt and filed for bankruptcy in 1996. (credit:Getty Images)