Posted on 08/08/2010 4:20:30 PM PDT by rightwingintelligentsia
LONDON — The Duchess of York's debts have reached 5 million pounds, or nearly $8 million, and her only option may be the first voluntary bankruptcy of a royal, The Sunday Telegraph of London reported.
At least one senior financial adviser to Buckingham Palace recommended the action despite the acute embarrassment it would cause for her ex-husband, Prince Andrew, and Queen Elizabeth, The Telegraph said.
The queen is said to be “deeply concerned” by the debts, which are more than twice as large as previously thought, the newspaper said.
Even Prime Minister David Cameron has been briefed on the issue and discussed Sarah Ferguson's finances during one of his weekly private audiences with Queen Elizabeth, The Telegraph said.
“One key adviser believes the right thing is for the Duchess of York to go bankrupt. He says it will be a week-long wonder, then everyone will say, 'It’s not altogether surprising’ and then they will forget about it,” a senior royal source told the paper.
(Excerpt) Read more at msnbc.msn.com ...
I think she needs a bailout.
Bush’s fault.
Maybe she can marry John Francois Kerry.
ya hhahha..surprised she didnt get jail time.
Can’t she come find another rich lover, write another children’s book or find another product to hawk?
Isn’t John Edwards single again? If ever two people deserved each other...
What’s the first thing that Queen Elizabeth asked when she heard that Princess Diana had been killed in a car accident?
“Was Fergie with her?”
When a golddigger can no longer find the gold....
Gosh she may have to get a REAL job
How many times have we heard this story?
Why would the Queen/P. Andrew be embarrassed because his former wife can’t manage her finances? Or by any of her behavior? Why is it their responsibility? Guess we Yank commoners just can’t understand these things.
I thought Opra was offering her a show on her O network?
(Not that it would solve this immediate problem.)
“Everyone” won’t forget about it in a week as the “advisor” says.
Those she stiffed will never forget it.
I had heard she was only getting 25K a year in alimony.
This seemed rather cheap under the circumstances.
I did find this book fascinating: Victoria and Albert: A Family Life at Osbourne House
I’m constantly amazed at how such people are able to borrow such sums without providing the lending bank acceptable collateral or a guaranty.
By the way, has Mrs. William Jefferson Blythe Clinton ever retired her campaign debts of two years ago? I heard she announced that she had made a $10.00* contribution to the Pakistan relief fund.
*No misprint, that’s really ten whole US dollars, presumably out of her own bank account.
I agree.
Usually happens when you live beyond your means... =.=
Go ahead mock. It's the last vestige of secular civilization.
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