Financial Fail of Kate Middleton’s Family amid Her Cancer Battle

| April 5, 2024 | celebrity | No Comments

Amid Catherine Middleton’s battle with cancer, her family faces the financial fallout of their business collapse. Catherine’s parents Carole and Michael Middleton, grapple with mounting debts and the aftermath of Party Pieces’ closure. Despite their struggles, Carole is focused on taking care of her daughter.

A screen displays a news report, as Catherine, The Princess of Wales announces that she is receiving a preventative course of chemotherapy for cancer in London, England, on March 22, 2024 . | Source: Getty Images

A screen displays a news report, as Catherine, The Princess of Wales announces that she is receiving a preventative course of chemotherapy for cancer in London, England, on March 22, 2024 . | Source: Getty Images

On March 22, 2024, Catherine Middleton, the Princess of Wales, disclosed in a video that she had begun undergoing cancer treatment. The diagnosis surfaced during post-operative assessments following her abdominal surgery in January 2024.

Prince William, Prince of Wales and Catherine, Princess of Wales at St Davids Cathedral in Wales, on September 8, 2023. | Source: Getty Images

Prince William, Prince of Wales and Catherine, Princess of Wales at St Davids Cathedral in Wales, on September 8, 2023. | Source: Getty Images

While Catherine undergoes cancer treatment, her family contends with significant debts they allegedly cannot settle. Carole and Michael Middleton, who are also parents to Pippa and James Middleton, face challenges covering over $329,000 in insolvency firm expenses for their struggling enterprise, The Party Pieces Company.

Carole Middleton departs The Lindo Wing after visiting Catherine, Duchess Of Cambridge and her newborn son in London, England, on July 23, 2013. | Source: Getty Images

Carole Middleton departs The Lindo Wing after visiting Catherine, Duchess Of Cambridge and her newborn son in London, England, on July 23, 2013. | Source: Getty Images

The company tasked with managing the insolvency of Carole’s business has recognized that the couple is unable to cover the full fees. The Party Pieces Company, established by the Middletons in 1987, entered administration in June 2024, leaving creditors with a debt of $3.28 million.

Carole Middleton arrives at the Coronation of King Charles III and Queen Camilla in London, England, on May 6, 2023. | Source: Getty Images

Carole Middleton arrives at the Coronation of King Charles III and Queen Camilla in London, England, on May 6, 2023. | Source: Getty Images

Party Pieces’ woes didn’t start now as in 2021, the company reportedly suffered a significant loss of over $316,000 due to the impact of the pandemic. Still, during the lockdowns, Carole and Michael received a taxpayer-backed loan from NatWest to support their company, which faced challenges due to restrictions on family gatherings.

Carole and Michael Middleton during day nine of The Championships Wimbledon 2022 in London, England, on July 5, 2022. | Source: Getty Images

Carole and Michael Middleton during day nine of The Championships Wimbledon 2022 in London, England, on July 5, 2022. | Source: Getty Images

The business proceeded to initiate a retail partnership in the US. An enthusiastic Carole had expressed that it was truly thrilling to witness the Party Pieces Collection’s expansion, beginning with Saker ShopRites, a prominent retailer in New Jersey. The family-owned business had a rich tradition of dedication to its customers and the communities it served.

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