The Duchess of York is doing "everything she can" to avoid bankruptcy as she struggles to manage debts running into millions of pounds, it was revealed today. Sarah Ferguson has paid off all her personal debts, her spokesman said, and her business debts – some of which are disputed – were "being managed", although voluntary bankruptcy was still an option.
wtf?
Ferguson's money woes became public after a newspaper claimed her personal and business debts had risen to almost £5m, prompting fears in the royal family that bankruptcy was now her best option. However, her spokesman said the figure was exaggerated. Sources said later that the Duchess owed around £2m. Ferguson's spokesman said she was reluctant to declare herself bankrupt. "There is a number of options open to the duchess, of which bankruptcy is one. But it would be premature to say she is going into bankruptcy as the situation is being managed," she said.
The Queen was "deeply concerned" about Ferguson's debts, according to the Sunday Telegraph, and had discussed them with David Cameron recently at one of his weekly audiences [and the Telegraph would know this how, exactly? - Ed]. The newspaper said Prince Andrew, Ferguson's ex-husband, was masterminding a "rescue plan" to avoid the embarrassment of filing for bankruptcy. No senior member of the royal family has been declared bankrupt.
