Bankrupt Katie Price is Selling the Most Precious Things Peter Andre Bought Her

It looks like Katie Price is really digging deep in order to cash in money she's lost over the years, and lavish presents are now up for grabs.

The former glamour model was famously married to singer/songwriter Peter Andre from 2005 to 2009 after meeting and getting cozy during I'm a Celebrity...Get Me Out of Here!. The exes share two kids: 12-year-old Princess and 14-year-old Junior. Both parties have since moved on, with Peter now married to a doctor named Emily MacDonagh.

According to CelebsNow, reports claim Katie, who is allegedly bankrupt, is now selling her engagement rings from Peter. An insider dished to The Sun about the situation:

"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."

Although not confirmed by Katie, a source says that the rings are worth about £230,000 in total.

Insiders alo tell The Sun that Peter "feels sorry" for Katie in her time of need—but apologies won't fill up her wallet! We hope the 41-year-old TV personality is able to rectify her financial situation soon, for both her own and her kids' sakes.