Katie Price ‘selling engagement rings from Peter Andre’ after being declared bankrupt

Katie Price is selling her engagement rings from her relationship with Peter Andre in an attempt to earn some extra money, according to reports.

The 41 year old was declared bankrupt last week and split from her most recent fiancé, Kris Boyson, shortly after.

But it is now believed she is looking to rid herself of two of the three engagement rings given to her by first husband Peter, 46, in order to help straighten out her finances.

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Peter proposed to former glamour model Katie in May 2004, just four months after the pair met on I'm A Celebrity… Get Me Out Of Here!

The pair married in September 2005 and split in 2009 — with Peter giving Katie an additional two engagement rings during their time together.

But in a bid to regain some control of her finances, it is said that Katie is willing to flog some of the rings gifted to her by the Mysterious Girl singer.

A source said: "Katie's got three engagement rings from Peter — she wants to keep the first one for Princess but the other two 'upgrades' she's willing to sell.

"She says they're worth nothing to her anymore and she wants a fresh start.

"She's not sure if she'll sell them in a private auction or a public sale but she wants to sell them to the highest bidder and cash in."

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It's believed the jewellery could make My Crazy Life star a pretty penny, with the rings thought to be worth around £230,000.

The insider continued to tell The Sun Online: "The first 'upgrade' was worth around £150,000 at the time — and the second one cost around £80,000."

Katie was declared bankrupt by a judge in a London court last week after failing to pay off thousands of pounds in debt.

Judge Jonathan Middleton, who was sitting at a specialist insolvency and companies court, which Katie wasn't present at, said: "I do judge Ms Price to be bankrupt."

The mother-of-five was once worth £45 million and avoided bankruptcy last December after agreeing a plan to pay back her debts.

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Katie had submitted a payment plan in the form of an Individual Voluntary Agreement in order to manage her repayments of her debt, which was estimated to be £250,000.

However, she failed to meet the terms of the agreement so the renewed bankruptcy proceedings were brought.

Katie now faces losing her £2 million mansion in West Sussex, which she has been renovating in recent weeks.

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