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Skint Kerry Katona splashes out £140K in a month

London, Sun, 24 Jan 2010 ANI

London, Jan 24 (ANI): Kerry Katona could be on streets after she blew the last of her fortune in a crazy spending spree.

 

She has splashed out 140,000 pounds in a month on clothes for herself and her kids at posh store Selfridges.

 

She has spent money on booze for her mad party lifestyle and on beauty treatments for her mother Sue, 49.

 

Kerry, 29, was recently taken to court by her mortgage company Cheltenham and Gloucester, who already have an order of possession on her home and wanted to enforce it and get her out.

 

She vowed that she would start paying her 2,450-pounds monthly mortgage on 1.2 million pound home in Wilmslow, Cheshire, where she lives with husband Mark Croft and children Molly, nine, Lilly Sue, eight, Heidi, two, and Maxwell, one. So the court gave her a two-month stay of execution.

 

However, the former Atomic Kitten singer has promised that before and despite being given 465,000 pounds since being made bankrupt in 2008 she hasn't paid her mortgage for more than a year.

 

A source close to the star said Kerry has been getting 8,000 pounds a month from the accountants dealing with her bankruptcy to cover her mortgage, kids' school fees and living costs.

 

However, instead of paying the bills, the cash funds Kerry's erratic lifestyle.

 

"The 140,000 pounds was a final lump sum from the accountants and that is her pot of money completely gone now," News of the World quoted the source as saying.

 

"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. She could be on the streets by Easter. She only has herself to blame," she added. (ANI)

 


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