Katie Price ‘wants to make a film of her life’ in a desperate bid to raise cash to stave off bankruptcy

The model, who avoided bankruptcy today after her team pledged to come up with a plan on how to pay off her debts, wants to turn her dramatic love life into a movie and has her people shopping it around to interested buyers.

“Katie always says that her life has more ups and downs than most movie plots,” a source tells The Sun Online.

“She thinks that people would be queuing up to see a film about her life.

“It’s go everything – heartbreak, betrayal, near death experiences.

“Recently, she’s asked her team to shop around the idea of selling the rights to her books and the story of her life in the hope that she can get a big payday in exchange.

“Katie wants to have a say in who plays her – and who plays her ex-husbands."

Back in 2014, Katie spoke about her ambitions to take her life to the big screen, saying: "I can't wait [to make a film].

"Every year I say I'll do it when I think things are going normal – then another drama comes along.

"I might as well do it in a few years' time because there's bound to be more dramas."

Now, Katie needs the money that a film adaptation will bring her – as she narrowly avoided being declared bankrupt in court.

The reality star, 40, did not appear at the High Court's Rolls Building for an in-and-out hearing that saw her team submit proposals for an individual voluntary agreement (IVA).

An IVA sees debtors pay back their creditors over a period of time.

Her application will be heard in 12 weeks on October 30.

Katie was once famed for being one of the nation’s savviest businesswomen: in her 2000s heyday, the former Page 3 girl raked in £6.2million for a string of reality shows, £3.5million for an Asda lingerie collection and sold more than three million copies of her books.

What is an Individual Voluntary Agreement?

It is an agreement between you and the people you owe money to help pay off your debts, usually over five or six years.

If you're a homeowner you'll usually be able to keep your own, as long as you keep up your mortgage payments.

Your credit rating will be negative affected and if at the end of your agreement you've not paid off your debts the rest will be written off

But two – soon to be three – expensive divorces and the collapse of her company proved too much for the glamour model to handle.

The Sun revealed the full extent of her financial woes earlier this month, telling how she blew her entire £45million fortune on plastic surgery, luxury holidays and a £1million farm.

Her minimal income has not been enough to cover £10,000 a month repayments on her West Sussex mansion, which is believed to be £100,000 in mortgage arrears.

The sprawling pad near Horsham has a £25,000 a year heating bill and £120,000 army of housekeepers.

As her cash troubles worsened in recent months, Katie was snapped mowing her own lawn to save money while the mansion’s once-plush tennis court and swimming pool fell into disrepair.

She also started flogging her menagerie of farmyard animals including goats, sheep, horses and lamas for £2,000 a pop.

Bailiffs recently came knocking for an unpaid £3,000 bill – but she blamed it on estranged husband Kieran Hayler, 31.

Katie, who has five children with three different dads, has since moved on from her high-profile split with the former stripper by hooking up with toyboy personal trainer Kris Boyson.

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