In reports, it was revealed that Carole and Michael, Kate Middleton‘s parents, are struggling to pay their millionaire debts after their business failed amid Princess health issues, as she was recently diagnosed with cancer.
The Middletons founded a company to distribute party equipment in 1987 called Party Pieces, which was so successful that it led them to take their children, Pippa, Kate, and James, to a boarding school and move to a better place to live.
However, this success did not last long, as in recent years they hired Interpath Advisory, a company to handle the insolvency process since they could not pay their debts of 3 million dollars owed to their creditors, so they went bankrupt.
Despite their economic difficulties with their family business, Carole and Michael have put their focus and time into helping their daughter, Kate Middleton, overcome her health condition since, in mid-January, she underwent abdominal surgery.
