However, the hearing has been 'vacated' and has now been scheduled for April 12 at 12 pm. Katie was meant to pay the £12,000 per month to creditors of the firm through an individual voluntary arrangement. The former glamour model, who was worth £45m at one point in her life, was declared bankrupt in 2019. Speaking on GB News last month, Katie explained: "I've had money and then lost money and it is not not everything in the world. In fact, it's the root of all evil in my life. "You know, I've had to pay this person, that person, then that person. You realise who your real friends are when you go through a tough time."