Katie Price has broken her silence as she admitted she can finally move on after being discharged from both her bankruptcies on Tuesday evening. 

The former glamour model, 46, was faced with financial hell last year after she received a £750,000 unpaid tax bill. 

However the star has now been discharged from both tax bills as she told The Sun: ‘I’m so happy. I can finally move on and put these bankruptcies behind me and now only focus on the positive.’

A source added: ‘Kate has been through hell and feels like an enormous weight has been lifted off her shoulders.

‘This has been hanging over her like the sword of Damocles – and now she is free to re-set, and try and remake her lost millions. If anyone can do it, it’s The Pricey.’

Her tax debt included income tax, VAT, surcharges, and interest, stemmed from self-ᴀssessments for the two years up until 2022.

Katie Price has broken her silence on bankruptcy clearing as she admitted she can ‘finally move on’ after owing the taxman a staggering £750,000 

Her financial woes were so dire that she was forced to flog off her £2million ‘Mucky Mansion’ for a fraction of the price to try and get back into the black.

Katie’s solicitor Chris Keane from Fieldfisher LLP explained that without specialist insolvency advice the star didn’t understand the bankruptcy process.

But since seeking advice from solicitors she has been fully compliant with her Trustee Bankruptcy and has hence been discharged. 

Bankruptcy orders typically end after a year in England and Wales, but the automatic discharge of Price’s first bankruptcy was suspended, meaning she was still bound by its terms.

However, the suspension was lifted on February 11 by Insolvency and Companies Court Judge Sebastian Prentis.

Barrister Darragh Connell, representing the trustee of Price’s bankruptcies, said: ‘The public examination of the first bankruptcy can be formally concluded in open court.’ 

The news is the latest chapter in the former beauty star’s long-running financial battle, which has already seen her served an eviction notice from her ‘Mucky Mansion’.

She purchased the property in 2014 from former Tory peer Francis Maude and it featured in a Channel Four series as she attempted to renovate the house.

But Katie was evicted for not paying the mortgage in May last year and was forced to sell the rundown nine-bedroom home.

The former glamour model, 46, was faced with financial hell last year after she received a £750,000 unpaid tax bill

She said: ‘I’m so happy. I can finally move on and put these bankruptcies behind me and now only focus on the positive’ 

Read More Katie Price shocks fans with unrecognisable new look as she shows off gleaming white teeth

It was put on the market for £1.5million but was later sold for a fraction of the price, with a buyer snapping up the country pile for £1.15million.

Katie didn’t see a penny for the sale as it was swallowed up by the debts she previously ran up against the SusSєx home.

She has since moved into a new four-bed property in SusSєx.

Under the terms of her first bankruptcy, declared in November 2019 Ms Price was ordered to pay 40 per cent of her monthly income from the adult entertainment website OnlyFans until February 2027 to help pay off her debts.

She was then declared bankrupt for a second time last March and must continue to pay money from OnlyFans to the trustee while the second bankruptcy remains in force.

Katie was previously due to attend a public examination in August last year, but this was adjourned so she could attend a ‘private interview’ over her finances.

She had been told by a judge to attend the August hearing with ‘no ifs, no buts’, following a warrant being issued for her arrest last July after she failed to attend an earlier court date.

The court heard on February 11 that the private interview took place on September 24 and that this had provided ‘sufficient provision of information’ to avoid the need for a public examination concerning her first bankruptcy.

A public examination related to the second bankruptcy was adjourned until April 8.

Mr Connell said: ‘As to the second bankruptcy, the trustee’s position is that pursuant to information provided by Ms Price, the trustee has been undertaking inquiries with third parties.

‘The outcome of those inquiries is not yet known.’

He continued: ‘It may well transpire to be the case that an application is made to suspend discharge for a limited period, but that is not before the court today.’