The Islamophobic media personality Katie Hopkins has entered into a debt management scheme to avoid going into bankruptcy.
Hopkins, who has regularly insulted Muslims over the years on her various public platforms, took out an Individual Voluntary Arrangement (IVA) after racking up crippling debts from losing a libel case against writer and anti-poverty campaigner Jack Monroe.
Those who rack up vast amounts of debt often see filing for bankruptcy as a good solution of relieving themselves of this significant financial burden. For some people, the idea of bankruptcy might be the best route for them. But there may be people out there who might not know what to do when they find themselves in financial difficulty and may just assume that filing for bankruptcy is the only option. In this case, before you declare bankruptcy, it is important to weigh up the options, as there are always ways around it when it comes to dealing with finances.
Having lost her radio show at LBC, been dropped as a columnist for the Daily Mail, and even selling off her £1million mansion, Hopkins is now repaying her creditors through a debt management scheme.
Jack Monroe announced her legal foe had turned to a debt management plan in the wake of racking up more than £130,000 in legal fees and damages over a defamatory tweet.
“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…” Jack Monroe tweeted.
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“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.”
After Hopkins sent the libellous tweet in 2015, Jack Monroe asked for a public apology and a donation of £5,000 to a charity helping migrants.
But Hopkins refused to play ball, ending up in court having to hand over £24,000 in damages and a further £107,000 in costs that had to be repaid within 28 days.
