Katie Price has given herself a new look just days after she was declared bankrupt after failing to repay the £12,000 a month she’d agreed as part of her individual voluntary arrangement  The IVA was set to clear off some of the 41-year-old’s debts within four years.  Now, as it’s reported the former glamour model could lose her mansion, worth an estimated £2million, Katie has wowed fans with a new look  Ditching her long brunette locks, the mum-of-five showed off a shorter hairdo in a much lighter colour  The new hairstyle also featured a feather fringe that fell just above Katie’s eyes  Katie shared the snap with her 2.1million Instagram followers on her stories, which also featured a series of ads for her children’s clothing line  It’s been a busy week for Katie, who was declared bankrupt at a court in London on Tuesday  Her total repayments were estimated to be £250,000 however Katie was failing to pay back her monthly IVA Read More Katie Price bankruptcy  Judge Jonathan Middleton, sitting at a specialist insolvency and companies court, said: “I do judge Ms Price to be bankrupt ”  Katie and her lawyer did not attend the hearing at the Insolvency and Companies Court  The former I’m A Celeb star was once worth an estimated £45million after a successful modelling career, plenty of books and a few clothing lines  Now, her assets will be released and distributed and may be sold on by a trustee, with the funds repaying creditors  Just one day after being declared bankrupt, on Wednesday, Katie was reported to have split up with boyfriend Kris Boyson, 31 – again – after recently reuniting  A source told The Sun: “Normally Katie’s relationships end in a huge row, but with Kris it’s different  “They’ll still stay friends and she will still need his help with the kids, and to stay at his house  “He’s really worried about her and all the pressure she’s under – so that’s why he’s not walking away ”