Kerry Katona

[sunflower68]

Every time I see her dancing around with Biggins I always wonder so thought I would ask you abers. How was she made bankrupt and still got to keep her home and all those cars and is she still paying back all the money???

[Ethel]

Because she would have shown the Official Receiver her projected earnings and prove she would be able to meet her financial obligations.

In the meantime, charges are on her property and the wheels are in place to enforce matters if she fails to keep to the agreed plan.

Exactly the same for any bankrupt with a potentially huge income

[sunflower68]

Thanks Ethel, so when she was made bankrupt she still had to agree to pay all the debts off?

[Ethel]

Oh yes. There would be agreements in place with the creditors and as she appears to have assets and a good income, they will want all their money back.

Her incomes and accounts will be monitored - it will have to go through the 'trustees in bankruptcy' before she gets her mitts on it. The trustees make payments to the creditors in accordance with the agreements.

In the meantime she can't get any more credit.

It does seem as if she is win win situation, and no doubt she has syphoned some of her assets off before she was made bankrupt (they all do) but really if she doesn't 'play ball' it could all still be taken away.

[sunflower68]

Naively I was wondering how she paid for the beauty treatments but, of course it was probably MTV or whoever.