Sarah Ferguson Bankruptcy? Duchess of York Could be First Royal to File

Filed in Gather Celeb News Channel by on August 10, 2010 0 Comments

For Sarah Ferguson, bankruptcy could in the future. It has not been a secret that Sarah Ferguson, the Duchess of York, has had financial woes, but bankruptcy? This would be a first for a member of the royal family.

May 27, 2010 - New York, New York, U.S. - Sarah Ferguson leaving The Mark Hotel , New York City 05-27-2010. 2010.K65097WR. © Red Carpet Pictures

Is this all Fergie’s fault? Since her divorce from Prince Andrew, 14 years ago, Ferguson has had several failed businesses and is believed to owe nearly 5 million. ($7.9 million) The Guardian newspaper is reporting that close to £2 million of that amount comes from the failed US promotions company, Hartmoor.

It has also been reported that she has paid off all of her personal debts and is doing everything she can to manage her business debt.

A spokesperson for Ferguson told the Guardian that ‘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,’

Should Sarah Ferguson file for bankruptcy? That is a tough call, though she has had a long line of embarrassing situations ever since her divorce.

What do you think she should do?

 

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