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Thursday, 7 August 2008

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Kerry Katona given another 2 weeks to avoid bankruptcy

Reality star needs to pay £157,000 by 21 August

Kerry Katona did not appear in court to hear she has more time to sort out her financial affairs

Kerry Katona has been given more time to find the cash to settle an unpaid tax demand.

The reality star now has until 21 August to pay £157,000 of a £417,000 bill or face being declared bankrupt.

The mum-of-four's lawyers have managed to convince the registrar to give her extra time as she's waiting to receive payments amounting to £291,000 for work already completed.

If the money doesn't arrive, there is unlikely to be another 'short adjournment'.

‘I am going to mark it [the case] for settlement of the balance,’ registrar Nicholls announced, reports the BBC. ‘I am going to mark it final.’

Kerry, 27, who had the bankruptcy petition filed against her in January, was not at the hearing at London's High Court.