The Duchess of York is reportedly fighting off the threat of bankruptcy after amassing more than £2million in debts.
Sarah Ferguson is believed to owe around £2m to creditors and, although she claims to have paid off all personal debts, a spokesperson for the Duchess said that bankruptcy “was an option”. It is thought that her debts may relate to her business interests, both in the UK and US.
Sarah Ferguson issued the statement following reports in the Sunday Telegraph claiming that she owed around £5m in both personal and business debt. The paper claimed that the matter had been discussed by David Cameron and the Queen, who had become “deeply concerned” about the state of the Duchess’s finances.
However her spokesman dismissed the figures as “significantly” exaggerated. “There
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