"If Patrick won't accept a payment plan then I have no choice but to file bankruptcy...does Patrick understand if I do that he won't be paid at all," the 36-year-old wrote in a letter to her ex's lawyer.
Mr Kedemos, 45, rejected the offer on March 26.
Since May 29, Tracey has been holidaying across the US and Canada with current squeeze Nathan and claims she is unable to contest the court order from the States.
The controversial star has been hit with criticism for sharing multiple social media photos of their lavish trip which has so far included dinner at a Michelin star restaurant in New York, evenings at upscale cocktail bars and a trip to the Disney World Resort in Florida.
In the caption for a selfie taken at Hollywood Studios on Saturday, the embattled reality TV star wrote: "Hands down the holiday of my dreams."
"If he [Patrick] wanted his money back, he had plenty of opportunities to do so," Tracey told Daily Mail Australia in an exclusive interview.
"This is a motive of resentment and bitterness, due to the fact of the timing while I’m away with my current partner Nathan."