reported that Kate Middleton’s parents, Carole and Michael Middleton, are hundreds of thousands of pounds in debt stemming from the sale of their children’s-party-supplies company, Party Pieces. The news comes less than a month after the Princess of Walesthat she had been diagnosed with cancer and was undergoing preventive chemotherapy — and, now, tabloids say her mother is trying to shield her from the family’s financial stress. Here’s what we know about the situation.
still owe Interpath, whose fees for overseeing the company’s sale have reportedly put the couple in a slightly more shallow pool of debt. On Monday,stated that the agency’s fees ended up being higher than it initially expected because its employees had to devote extra hours to navigating the logistics of the sale, but that the firm does “not intend to draw our fees in full.” In other words, it doesn’t seem like the Middletons are under too much pressure to repay their debts at the moment.