Katie Price has reportedly attempted to sell her £150,000 pink horse box after she was given three months to pay off her debts, totalling £250,000.

According to The Daily Star, the former glamour model, 40, was ‘snubbed by a horsebox dealer who offered her £90,000 for the vehicle’, £60,000 less than its reported value.

A source told the publication: ‘The horsebox is probably worth about £150,000 now but they know she is desperate. You can’t blame them for trying to get a good deal on it.’

Financial woes: Katie Price has reportedly attempted to sell her £150,000 pink horse box after she was given three months to pay off her debts, totalling £250,000

Financial woes: Katie Price has reportedly attempted to sell her £150,000 pink horse box after she was given three months to pay off her debts, totalling £250,000

The insider also reported that the large vehicle was originally worth nearly half a million pounds.

‘It was worth around £400,000 when she bought it but like much of what she owns it has plummeted in value’, they added.

MailOnline has contacted Katie’s representatives for comment.

Up for sale? According to The Daily Star, the former glamour model, 40, was 'snubbed by a horsebox dealer who offered her £90,000 for the vehicle'

Up for sale? According to The Daily Star, the former glamour model, 40, was 'snubbed by a horsebox dealer who offered her £90,000 for the vehicle'

Up for sale? According to The Daily Star, the former glamour model, 40, was ‘snubbed by a horsebox dealer who offered her £90,000 for the vehicle’

These reports come as the mother-of-five, who was once estimated to be worth £45million, was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt. 

Katie was not present at the High Court Roll’s building in London on Tuesday, with her team submitting proposals for an individual voluntary agreement (IVA).

An IVA sees creditors paid back over an agreed period of time and her application will be heard in 12 weeks on October 30. 

It was previously reported that the hearing could see her formally declared insolvent, even though she was once estimated to be worth £45million.

Troubles: These reports come as the mother-of-five was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt

Troubles: These reports come as the mother-of-five was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt

Troubles: These reports come as the mother-of-five was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt

She is already thought to be selling her £2million West Sussex mansion, which she bought in 2014, as well as all of her beloved farmyard animals.

The glamour model is also reportedly hoping to sell the rights to her life story and cash in on the drama in order to pay off her colossal debts.

A source revealed to MailOnline: ‘Katie would endorse a movie made of her life. There’s certainly enough subject matter to support a good meaty storyline thriller!’

Katie has been bidding for months to stave off bankruptcy after her once-lucrative media empire began to fall apart last year, following the demise of her third marriage to Kieran Hayler, and the collapse of her businesses. 

 Heartbreak: Katie has been bidding for months to stave off bankruptcy, following the collapse of her businesses and demise of her third marriage to Kieran Hayler (pictured in 2016)

 Heartbreak: Katie has been bidding for months to stave off bankruptcy, following the collapse of her businesses and demise of her third marriage to Kieran Hayler (pictured in 2016)

 Heartbreak: Katie has been bidding for months to stave off bankruptcy, following the collapse of her businesses and demise of her third marriage to Kieran Hayler (pictured in 2016)

The TV personality split from the former stripper, 30, last summer, after his affair with the family nanny emerged.

She has since found love again with Kris Boyson, 29, who she met through her son Harvey’s new fitness plan.

Despite only confirming their romance weeks ago, Katie and Kris have already holidayed in Bruges, Glasgow and now Thailand – with the star revealing she has finally found a man who ‘ticks all the boxes’.

She told OK! in June: ‘He’s a man’s man. He’s got his own job, he’s not false or fame hungry. In that respect, I think this is going to be a more normal relationship and less toxic.’

Smitten: The TV personality has since found love again with Kris Boyson, 29, who she met through her son Harvey's new fitness plan

Smitten: The TV personality has since found love again with Kris Boyson, 29, who she met through her son Harvey's new fitness plan

Smitten: The TV personality has since found love again with Kris Boyson, 29, who she met through her son Harvey’s new fitness plan

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