Wayward Kerry Katona is facing bankruptcy proceedings over her debts of nearly $2 million. The star could lose the roof over her head after blowing a fortune on drugs, booze and parties.

As she prepared for her 11-month-old daughter Heidi’s christening last week, the Land Registry Bankruptcy Unit served Kerry with official papers. They warned her insolvency proceedings were going ahead, and secured her two properties so they can be sold off to pay creditors.

The big spending ex-Atomic Kitten singer and her husband, former drug dealer Mark Croft, have hired a team of insolvency advisors to help sort out their main debts. These comprise $1,400,000 claimed by the taxman, including an immediate $400,000 instalment, and $120,000 in loans and credit card bills.

We’ve all read about the financial problems ex Atomic Kitten star Kerry Katona is having, despite splashing out on extravagant Christmas Presents such as motorbikes and supercars.

She appears to have found a way to gather her assets though – by making her mother homeless. When she hit the big time she bought the £95,000 two-bedroom terrace in Warrington, Cheshire; letting jobless Susan live there rent-free for years.

Kerry disowned her mother after Susan branded her an out-of-control cokehead, and banned her from seeing any of the children. So it’s not too much of a surprise, when desperate for money, she decides to sell up from under Susan’s feet – sending her a text message just days before Christmas to warn her.

Yet still hubby Mark is on the list for a £112,000 Aston Martin DB9. And he’ll pick up a £80,000 white Audi R8 in January.

Strange way to go about getting out of debt…

We all hate the taxman but when you compare your bill to ex-Atomic Kitten star Kerry Katona you will feel much better. The ex-singer faces a whopping £700,000 in taxes, with the first instalment of £200,000 due before Christmas. But she can’t pay it.

In a desperate bid to avoid being made bankrupt Kerry is heading to court to beg for a delay until after the New Year.

On top of that Kerry has recently admitted she can’t say that she will stay off the drugs; despite recently declaring she was clean. She revealed to TV chat show host Jonathon Ross, “I don’t know what’s going to happen tomorrow. I can never say never. I really can’t”

Oh dear oh dear oh dear. Kerry needs to get her head out of the clouds and sort herself out; before she ends up on the scrap heap like many others before her.