Judge grants Katie Price time to broker deal with taxman

Katie Price has been given time to negotiate a deal with the taxman over her finances following a High Court hearing.

The former glamour model was told she could try to reach an agreement with HMRC by a judge at a specialist insolvency and companies court on Tuesday.

The 40-year-old, who used to be known as Jordan, did not attend the brief hearing in central London.

She has tied the knot three times and has recently been in the headlines again following the collapse of her most recent marriage to Kieran Hayler.

The former I'm A Celebrity ... Get Me Out Of Here! star, who was once said to be worth more than £40 million, has also recently revealed that her mother, Amy Price, has been diagnosed with idiopathic pulmonary fibrosis (IPF) – the disease which killed TV presenter Keith Chegwin.

Price was arrested earlier this month on suspicion of drink-driving after being found by police at 2am in a damaged car in Woolwich, south-east London.

The former Loose Women contributor revealed in July that she had reported herself to police for violating a driving ban which was handed to her in February after she was caught speeding.

Judge Jonathan Middleton was told by lawyers for HMRC that they had been notified of a proposal for an Individual Voluntary Agreement (IVA) on behalf of Price just hours before the short hearing on Tuesday.

Rachel Lam, for HMRC, said a meeting of Price's creditors was due to take place on November 16.

Faith Julian, representing Price, said she was instructed to ask the judge to adjourn the case until December 4 – to which Judge Middleton agreed.

The case was previously adjourned after a hearing in August to allow time for the consideration of an IVA.

An IVA is a formal agreement which lets people with debt repay their creditors at an affordable rate, in a bid to avoid bankruptcy.