Why Katie Hopkins’ old post about debt has come back to haunt her – The News


 Fans of irony are celebrating today after an old tweet from Katie Hopkins resurfaced – just as it was revealed she’s in a precarious financial situation herself   Because the far-rightwinger has been forced to sell off her her £1million Devon home  and now rents after a humiliating court case wiped out her finances  It comes after she had to take out an Individual Voluntary Arrangement (IVA) after racking up crippling debts from losing a libel case against writer and anti-poverty campaigner Jack Monroe  Having lost her radio show at LBC and getting dropped as a columnist for the Daily Mail, Hopkins is now repaying her creditors through a debt management scheme  But in March 2014 – just four and a half years before her own money struggles – Katie had poured scorn on those who find themselves in debt  She’d tweeted: “The only thing people in debt have in common other than bad money management, is an ability to blame anyone but themselves ”  That tweet is now coming back to haunt her as her critics pointed out the pure irony   “Hey @KTHopkins , what was that you said about people who are in debt because of their own stupidity?” one asked  Another wrote: “People who are in debt I have no sympathy for or who’ve got an IVA I believe They need kicking to the kerb if they can’t manage their finances, what say you? They are leeches What do you think?”   And a third tweeted: ” @KTHopkins who once blamed people in debt for not managing their finances, enters IVA (after selling house) to pay defamation damages All she had to do was apologise to @BootstrapCook .”   Speaking to The Sunday Times this weekend, racist Hopkins whinged that speaking her mind lost her her career – having compared migrants crossing the Mediterranean in dinghies to “cockroaches” and claiming she’d use gunships to prevent people from landing on European shores  “I live in a rented, modern, four-bedroom detached house with my husband Mark and our three children, aged 15, 14 and 10,” she said  “It’s tucked out of the way for security reasons – our last home was rigged up to the local police station and had panic alarms fitted because of threats I received to my life  “I was forced to sell it for £950,000 in early 2018 to pay off a legal bill in excess of £500,000 ”  While she didn’t apologise for the circumstances leading up to the 2017 legal case – she’d falsely accused anti-poverty campaigner Jack Monroe of vandalising a war memorial – Hopkins did express regret that she hadn’t acted sooner to settle the case out of court  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 tweeted.  “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.”  Jack added: “I’m not cruel nor celebrating – that case cost me 18 months of sanity and work, and I think neither of us wanted it to turn out this way ” What is an IVA?  An individual voluntary arrangement – known as an IVA – is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time, Citizens Advice says  It is approved by the court and creditors must agree to abide by its terms.  Usually the applicant will repay a certain amount each month for a period of a few years  An IVA is a type of insolvency but is different from bankruptcy.  It can only be set up by a qualified professional, known as an insolvency practitioner, who will deal with creditors throughout the term of the IVA  However, the practitioner will charge a fee to manage the IVA, which tends to cost around £5,000  If the applicant does not have enough money to pay off their full debt, the rest can be written off  But if the creditors refuse to accept less payment, the IVA may fail and the applicant can be made bankrupt  Jack confirmed she knew the terms of Hopkins’ IVA as one of her creditors, and said she “checked that her children will not be destitute”  After Hopkins sent the libellous tweet in 2015, Jack asked for a public apology and a donation of £5,000 to a charity helping migrants  But Katie 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

Leave a Reply

Your email address will not be published. Required fields are marked *