It appears that the debt gained by the Duchess of York is twice what media had said when it was first revealed that the Duchess was trying to sell opportunities to tabloid reports to have access to her husband. The debts are both personal and business related and in both the UK and US.

At least one senior financial officer to Buckingham Palace has stated that a voluntary bankruptcy might be the fastest way of getting things taken care of, even though it will cost the Royal Family a bit of embarrassment.

Duchess of York, Bankrupt?

No Royal family member has ever had to declare bankruptcy. However, there is always a first time for everything, especially in a financially crumbling world that we all live in these days. Even Prime Minister Cameron has been briefed on the situation.

The Duke of York has his private office working on its own kind of rescue plan, much like the plans the banks got in both the US and UK surely. He is, after all, the UK’s Special Representative for International Trade and Development, so having his wife have to declare bankruptcy might not look to good with the people he has to work with on a daily basis.