DEBTOR DUCHESS FLIES FROM WOE TO GUEST-PAMPERING U.S. HOTEL.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Facing possible bankruptcy and told that the queen won't bail her out anymore, the free-spending Duchess of York Duchess of York is a title held by the wife of the Duke of York since the first Duke of York in 1384. The title is gained with matrimony alone and is forfeited on divorce. tried to put the bad news behind her Thursday by flying to Washington. First-class, of course. With her two daughters. As she checked in to the capital's posh Four Seasons Hotel, an American reporter The American Reporter is the first online-only newspaper. Started in 1995 by current Editor-in-Chief Joe Shea. It is published seven days per week as an electronic daily newspaper and is owned by the writers whose work it features. shouted: "Are you going to pay the bill?" The duchess declined to answer. Prince Andrew's estranged es·trange tr.v. es·tranged, es·trang·ing, es·trang·es 1. To make hostile, unsympathetic, or indifferent; alienate. 2. To remove from an accustomed place or set of associations. wife, who is due in Greenwich, Conn., for a charity bash Saturday, was initially said to have run up about $1.5 million in debts. But The Sun newspaper quoted unidentified royal sources Thursday as saying her overdraft A check that is drawn on an account containing less money than the amount stated on the check. The term overdraft is also used in reference to the condition that exists when vouchers with bankers Coutts and Co. is three times higher. Another London paper, the Daily Mail, also put her overdraft at $4.5 million. Both papers raised the prospect of her declaring bankruptcy. The Sun said Coutts discussed ways to help shrink the debt, but none worked. Coutts has agreed not to bounce her staff payroll, which totals $10,640 a week. Her mother-in-law, Queen Elizabeth Queen Elizabeth, or Elizabeth, may refer to: Living people
Bohemia "These are matters which the Duchess of York must discuss and resolve with her bankers and other financial advisers," a palace spokesman said. The spokesman noted that the queen had already paid the duchess's debts on several previous occasions. The Daily Mail said these were six-figure payments, including one in April 1994 when Coutts ordered the duchess to find $760,000 in 14 days. In addition, the Daily Mail said, the queen is believed to have cleared the duchess's debts in 1992 when she and Andrew separated. "She's obviously been hoping someone will bail her out," said Keith Tondeur, director of Credit Action in Cambridge, which advises people who are in debt. |
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