Peter Andre ‘feels sorry’ for bankrupt Katie Price and ‘promises to help her pay for Princess and Junior’

PETER Andre feels sorry for bankrupt Katie Price – and has promised to help her pay for their children, a source has revealed.

The 46-year-old star, who also has two children with wife Emily, has reportedly said that he “doesn’t want to see the mother of his kids suffer”.

Pete is said to feel sorry for his ex wife
Getty Images – Getty

Katie, 41, was declared bankrupt last week and is worrying about the heating and electricity being switched off in her mucky mansion.

Her ex-husband is now said to have reached out to the former glamour model to showcase his support.

An insider said: “Pete had a feeling this was going to happen, but he is far from happy about it. He feels sorry for Katie.”

They added to new! magazine: “He has a soft heart and, despite their differences, he wouldn’t want to to see the mother of his kids suffer.”

He and Katie share Princess and Junior
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Peter has reassured his ex that he will take over finances for the children

Peter shares 14-year-old Junior and 12-year-old Princess with Katie, who he was married to between 2005 and 2009 after they met on I’m A Celebrity… Get Me Out Of Here!.

The insider added that Pete phoned Katie to share that he “was sad to hear about the bankruptcy”, with the mother-of-five thanking him for getting in touch.

Peter is said to have reassured Katie that “he’s happy to look after Junior and Princess financially” and that she doesn’t need to worry about them at all during this difficult time.

Despite his kind offer, the Mysterious Girl hitmaker “made it clear” that he won’t be providing Katie with money directly as he fears that she will go “off the rails” with partying.

The star, pictured with son Junior
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Katie and Peter were married for four years before their 2009 split
Getty – Contributor

Katie went bankrupt after failing to pay back spiralling debts – despite being worth £45m at the height of her career.

She was supposed to be paying back £12,000 a month to her creditors as part of her IVA – but hasn’t done so.

She is believed to have debts of around £800,000 in total.

The Sun’s Dan Wootton previously revealed that the reality star BLAMED Peter for her financial downfall in an astonishing rant on a packed commuter train.

She told passengers: “He’s the worst person ever” in the shocking tirade.

The Sun Online also revealed that Katie has told both Peter and her other ex-husband Kieran Hayler to pay up, claiming she had spent £2million on them.

An insider told us: “She’s told both of them that she expects some cash from them as she bankrolled them for years when they were married.

“She was always the money-earner, while they enjoyed her millions.”


by – TheSun TV and Showbiz