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Duchess 'striving to avoid bankruptcy'.

Summary: The Duchess of York is doing "everything she can" to avoid bankruptcy, her spokesman has said.

The Duchess of York is doing "everything she can" to avoid bankruptcy, her spokesman has said.

It is believed that the Duchess owes around Au2 million relating to her business concerns. But while voluntary bankruptcy is still an option, a spokesman said the situation is "being managed" and that all her personal debt had been paid off.

A report in one newspaper suggested that the Duchess owed Au5 million in both personal and business debt. But the figure used by the newspaper was today dismissed as "significantly" exaggerated.

Sarah Ferguson went public with her financial problems in May after being caught in a cash-for-access scandal.

She was filmed accepting money from a News Of The World reporter, posing as a business tycoon, in exchange for an introduction to her ex-husband, the Duke of York.

During a subsequent interview with US chat show queen Oprah Winfrey, the former royal owned up to being "substantially" in debt, but would not say by how much.

Independent Television News Limited 2010. All rights reserved.

Independent Television News Limited 2009. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:Aug 10, 2010
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