Closer reports the former glamour model has been in touch with her first husband after he reached out over text.
A source told the magazine: "She replied straight away, saying she's scared for the future and is going to need his help.
"She's said at times that she feels as if she's in hell and doesn't know where to turn.
"Many of her recent actions were a cry for help and the fact that Pete has stepped in is a blessing as he's the only one she wants – or would allow – to rescue her."
The mum-of-five – Katie – once worth £45million – narrowly dodged bankruptcy last week.
The High Court has now given her three months to come up with a plan to pay off her debts after blowing her fortune on plastic surgery, luxury holidays and a £1million farm.
She is also in the middle of a divorce battle with third husband Kieran Hayler.
Before facing bankruptcy, Katie came clean about snorting cocaine as a way of coping with the failure of her five-year marriage.
Now she thinks Pete is the only one who can pull her out of her dark place.
That's despite being in a relationship with toyboy Kris Boyson who she apparently wants to be married to by Christmas.
Earlier this month Katie Price was visited by bailiffs over a £3,000 electrician's bill.
But she claimed it was Kieran's fault that bailiffs turned up at her house demanding cash – and she had to pay the £3k bill for him.
She told fans they turned up at the house to see Kieran and said: "Pricey pays for him again!"
She wrote: "A lovely friend of Kieran's sending bailiffs to my house for work he had done for Kieran."
Katie divorced Pete back in 2009 after four years of marriage.
They share 13-year-old son Junior and Princess, 11.
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