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Kerry Katona facing bankruptcy for third time

1 of 1 Kerry Katona is reported to be struggling to keep up with payments for her home
Kerry Katona is reported to be struggling to keep up with payments for her home

Kerry Katona is reported to be facing bankruptcy for a third time and is considering taking out a loan to cover her rent.

According to the Sun on Sunday, the former Atomic Kitten star - who is expecting her fifth child - is struggling to keep up with payments for the six-bedroom Oxfordshire home she shares with her fiancé, George Kay.

Sources close to the 33-year-old told the UK tabloid that she may have to consider borrowing money herself after being fired as the face of loan firm, Cash Lady, last year.

According to the source: "She lives beyond her means. She's negotiated a £50,000 magazine deal for her wedding but that's not until the summer . . . and money from ITV's The Big Reunion has dried up."

Katona told the newspaper: "As with every family after Christmas, money is tight. But that's every year, whether I'm bankrupt or not.

"We all know I'm not rolling in it but I'm doing my best to get back on top."

The singer declared bankruptcy for a second time in July 2013, after doing the same in 2008 due to £86,000 unpaid tax bill.

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