Duchess of York Fights Bankruptcy


Sarah Ferguson, the Duchess of York and ex-wife of Prince Andrew, is fighting to stave off bankruptcy. The Duchess’ debts at one point hovered around a whopping £5 million, mostly due to failed business dealings. Her debts are growing by the day as interests accumulate over the outstanding amounts. It was rumored that she did not even have enough means to repair her £130,000 Bentley Continental Flying Spur, a gift from her Norwegian friend Geir Frantzen, which is lying idle in the garage at the Royal Lodge in Winsor.

Admittedly, the situation has improved somewhat when her ex-husband, the Duke of York gave her £1.5 million and she settled most of her personal debts. However, despite these remnants of respite, she is still about £2 million in the red, due to mostly business debt. Understandably, the Queen has expressed her deep concern and even the Prime Minister has discussed the matter with Her Majesty. Senior Buckingham Palace officials have advised the beleaguered Duchess to file for personal bankruptcy. If she does, she will be the first Royal to do so.

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