London (ANI): Drug scandal-hit singer Kerry Katona may soon put up her 1-million-pound house for sale to save herself from going bankrupt, it has emerged. Katona is nearly penniless and fears her house could be repossessed as she is struggling to pay the mortgage of 4,000 pounds per month.
The mansion in Wilmslow, Cheshire cost her 1,225,000 pounds but its price has now dropped down to 1million pounds. The 28-year-old Katona was dependent on the 250,000-pound contract with Iceland but the deal was axed by the company after she was caught on camera snorting cocaine.
It is reported that the ex-Atomic Kitten has now asked her aides to put the house for sale before she�s thrown out of it. The Sun reported a source as saying: "Kerry's life is a mess. She''s being chased by debtors and now the police. How much worse can it get?"
Story first published: Thursday, August 20, 2009, 11:34 [IST]