Controversial media personality Katie Hopkins has allegedly applied for an insolvency arrangement in a last ditch attempt to avoid bankruptcy, after piling up debts.
In 2017, Hopkins lost a libel case against the food blogger Jack Monroe after sending two tweets in which she implied that Monroe supported the vandalism of a war memorial.
The court ordered Hopkins to pay £24,000 in damages and £107,000 in legal costs within 28 days.
Hopkins’ Daily Mail column and LBC show both ended this year by “mutual consent” and she put her £1million Exeter mansion on the market in February this year, selling it for £950,000 within three weeks.
Monroe tweeted the claim that Hopkins had entered an insolvency arrangement to pay the rest of her debts, otherwise known as an Individual Voluntary Arrangement (IVA).
She wrote: “I can confirm today that following that landmark libel case, Katie Hopkins has entered into an IVA to avoid bankruptcy. I knew for a while but could not say anything for legal reasons. The arbitrary defender of free speech didn’t want anyone to know, ironically…”
In subsequent tweets Ms Monroe expressed regret about the whole affair.
″…I have been paid in full, but many of her creditors, including my lawyer, will not be paid what they are owed. For the want of an apology, a house, a job, a column, a radio show, and now financial solvency, were lost. It’s all very sad, actually.
“I’m not cruel nor celebrating – that case cost me 18 months of sanity and work, and I think neither of us wanted it to turn out this way.”
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Source: The Huffington Post