Showbiz

Katona goes on £140k spending spree

Published Sunday, Jan 24 2010, 10:17 GMT | By Sarah Rollo
Katona goes on £140k spending spree

WENN

Kerry Katona has reportedly spent her mortgage money on clothes, booze and trips to the spa.

The former Atomic Kitten managed to get through £140,000 in one month, the News Of The World reports.

Katona, who faces eviction after failing to keep up with her mortgage commitments, went to court this week to fight a repossession order and promised to meet the £2,450 monthly repayments on her Cheshire house. Accountants dealing with her bankruptcy have been providing the 29-year-old with £8,000 a month.

A source said: "The £140,000 was a final lump sum from the accountants and that is her pot of money completely gone now. She hasn't earned much for months but in court on Wednesday she promised to start paying her mortgage.

"Kerry has had months to sort this out but instead she has stuck her head in the sand and refused to pay. Now she actually hasn't got the money to pay it and if she doesn't find it from somewhere the mortgage company will send in the bailiffs."

Katona lives with her husband Mark Croft and children Molly, nine, Lilly Sue, eight, Heidi, two, and Maxwell, one. Deloitte, the firm dealing with her bankruptcy, said: "Whether somebody is bankrupt or not they must pay their mortgage or face losing their home."
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