LONDON, Aug. 8 (UPI) -- A financial adviser has told Britain's royal family that Duchess of York Sarah Ferguson may have to file for bankruptcy, sources tell The Sunday Telegraph.
The newspaper said Fergie's debts have piled up to the tune of 5 million pounds ($7.9 million) and that at least one palace financial adviser has concluded that filing for bankruptcy may be the only way out.
Despite the embarrassment of being the first senior royal to ever seek debt relief, the rationale is that a quick filing would head off an even bigger mess down the road. UPI
