KERRY KATONA - KATONA DECLARES BANKRUPTCY

KATONA DECLARES BANKRUPTCY

British singer-turned-reality TV star KERRY KATONA has been declared bankrupt.
The order was given on Thursday (21Aug08) after the 27-year-old failed to pay the final $164,000 (GBP82,000) of a $834,000 (GBP417,000) tax bill.
The High Court in London allowed her legal team an extra hour on Thursday to produce the final balance, but they failed to resolve the matter.
Her representative, Luke Harris, previously declared the funds were available but cheques had not been cleared in time.
However, Harris said he was "not in a position to assist further" when called back into court on Thursday.
The petition against the star was issued in January (08) but Katona, who was not present in court, failed to reduce the outstanding bill.