Carole & Michael Middleton couldnt pay their insolvency firms 320K bill

Carole and Michael Middleton’s Party Pieces business completely collapsed a little more than a year ago. Party Pieces owed over £2.6million to creditors, many of whom had extended credit to Carole Middleton personally because she’s the mother of the future queen. The Middletons’ house of cards collapsed thoroughly as people learned of the extent of their debt and catastrophic business decisions. Many theorized that the Middletons still have money stocked away – I just don’t see how that’s possible, and I don’t see a situation where a hustler like Carole Middleton would have allowed her social standing to disappear overnight if she had the ability to mitigate some of the damage.

Back in April, we heard a curious story about Interpath, the insolvency firm which was tasked with arranging the “sale” of the now-insolvent Party Pieces. Interpath incurred costs of more than £260,000 as they tried to untangle the Middletons’ fraud and prop up Party Pieces for sale. The Middletons were too broke to pay Interpath’s fees. Now an update: Interpath has written off the £320,000 in fees owed by the Middletons. As in, the Middletons are so broke, they couldn’t pay the insolvency firm so the firm had to write it all off.

Insolvency group Interpath is understood to have written off more than £320,000 in fees it was owed from the administration of Party Pieces, the former business of the Prince of Wales’s in-laws.

Interpath was appointed as administrator in May and over the last 12 months it incurred time costs of £321,716. Time costs are normally charged by administrators to firms whose insolvencies they are handling.

However, creditors’ reports show that the £230,852.99 Interpath was able to raise from selling Party Pieces to Teddy Tastic Bear Co for £60,000, liquidating its stock and other cash-raising actions, was wiped out by legal and other costs.

As a result, Interpath has written off the time costs. It also means creditors, including HM Revenue and Customs, will get nothing back whatsoever.

When it collapsed, Party Pieces owed nearly £613,000 to the taxman in VAT. Its employees were owed £84,690, while trade creditors were owed £456,000 plus. Banks, institutions and other lenders were owed £1.6million. Interpath declined to comment.

[From The Daily Express]

This also explains the larger disappearance of Carole and Michael Middleton over the past year. They came out for the coronation (which happened before Party Pieces collapsed) and then they came out six months later for Kate’s Christmas concert. The only time Carole has been seen this year is in that paparazzi photo with “Kate” in the car. Now, Kensington Palace seemingly claimed that Carole went to a pub in Norfolk with Prince William back in April too. But the Middletons have been politically defanged and they are now a huge, broke-ass liability for Kate. Like… the fact that they couldn’t even pay for the insolvency firm’s bill? The Middletons have absolutely zero power now.

Photos courtesy of Avalon Red.

62362, LONDON, UNITED KINGDOM – Tuesday June 7 2011. Matching Middletons! Pippa Middleton and Carole Middleton step out in matching nude shoes! The mother daughter duo were out with Pippa’s father Michael Middleton at Harry’s Bar in Mayfair. ***NORTH AMERICAN USE ONLY*** Photograph: ©Optic Photos, PacificCoastNews.com **FEE MUST BE AGREED PRIOR TO USAGE** **E-TABLET/IPAD & MOBILE PHONE APP PUBLISHING REQUIRES ADDITIONAL FEES** UK OFFICE:+44 131 557 7760/7761 US OFFICE:1 310 261 9676,Image: 525175204, License: Rights-managed, Restrictions: WORLD RIGHTS, DIRECT SALES ONLY UNLESS STATED OTHERWISE IN CAPTION – Fee Payable Upon Reproduction – For queries contact Avalon.red – sales@avalon.red London: +44 (0) 20 7421 6000 Los Angeles: +1 (310) 822 0419 Berlin: +49 (0) 30 76 212 251 Madrid: +34 91 533 4289, Model Release: no, Credit line: Optic Photos / Avalon 160660, Carole and Michael Middleton leave the Sunday church service at The Church of St. Mary Magdalene on the Queens Sandringham estate. London, United Kingdom – Sunday, January 8, 2017. UK, FRANCE, AUS, NZ, CHINA, HONG KONG, TAIWAN, SPAIN & ITALY OUT Photograph: © i-Images, PacificCoastNews. Los Angeles Office (PCN): +1 310.822.0419 UK Office (Photoshot): +44 (0) 20 7421 6000 sales@pacificcoastnews.com FEE MUST BE AGREED PRIOR TO USAGE,Image: 532796854, License: Rights-managed, Restrictions: WORLD RIGHTS, DIRECT SALES ONLY UNLESS STATED OTHERWISE IN CAPTION – Fee Payable Upon Reproduction – For queries contact Avalon.red – sales@avalon.red London: +44 (0) 20 7421 6000 Los Angeles: +1 (310) 822 0419 Berlin: +49 (0) 30 76 212 251 Madrid: +34 91 533 4289, Model Release: no, Credit line: i-Images, PacificCoastNews / Avalon 167256, Carole Middleton, the mother of the Duchess of Cambridge and Pippa Middleton, spectates from the Royal box on day four of the Wimbledon Tennis Championships. London, United Kingdom – Thursday July 6, 2017. UK, FRANCE, AUS, NZ, CHINA, HONG KONG, TAIWAN, SPAIN & ITALY OUT Photograph: Ã?© Stephen Lock/i-Images, PacificCoastNews. Los Angeles Office (PCN): +1 310.822.0419 UK Office (Avalon): +44 (0) 20 7421 6000 sales@pacificcoastnews.com FEE MUST BE AGREED PRIOR TO USAGE,Image: 533038972, License: Rights-managed, Restrictions: WORLD RIGHTS, DIRECT SALES ONLY UNLESS STATED OTHERWISE IN CAPTION – Fee Payable Upon Reproduction – For queries contact Avalon.red – sales@avalon.red London: +44 (0) 20 7421 6000 Los Angeles: +1 (310) 822 0419 Berlin: +49 (0) 30 76 212 251 Madrid: +34 91 533 4289, Model Release: no, Credit line: i-Images, PacificCoastNews / Avalon
121755, Carole Middleton talks to Sir Terry Wogan in the Royal Box on day five of the Wimbledon Tennis Championships in London. London, United Kingdom – Friday June 27, 2014. UK, FRANCE, AUS, NZ, CHINA, HONG KONG, TAIWAN, SPAIN & ITALY OUT,Image: 533537543, License: Rights-managed, Restrictions: WORLD RIGHTS, DIRECT SALES ONLY UNLESS STATED OTHERWISE IN CAPTION – Fee Payable Upon Reproduction – For queries contact Avalon.red – sales@avalon.red London: +44 (0) 20 7421 6000 Los Angeles: +1 (310) 822 0419 Berlin: +49 (0) 30 76 212 251 Madrid: +34 91 533 4289, Model Release: no, Credit line: i-Images, PacificCoastNews / Avalon Carole Middleton and Michael Middleton arrives at the state funeral and burial of Britain’s Queen Elizabeth, at Westminster Abbey in London, Britain, September 19, 2022.,Image: 724081127, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Geoff Pugh for the Telegraph / Avalon Carole Middleton The State Funeral of Her Majesty The Queen, Service, West Door, Westminster Abbey, London, UK – 19 Sep 2022,Image: 724158734, License: Rights-managed, Restrictions: , Model Release: no, Credit line: James Veysey/Shutterstock / Avalon
Carole and Michael Middleton arriving for the ‘Together at Christmas’ Carol Service at Westminster Abbey in London. The service will be broadcast on ITV1 on Christmas Eve as part of a Royal Carols: Together At Christmas programme, narrated by Catherine Zeta Jones and featuring an introduction by Kate and tributes to Queen Elizabeth II.,Image: 744946541, License: Rights-managed, Restrictions: , Model Release: no, Credit line: Kirsty O’Connor / Avalon Carole Middleton arriving at Westminster Abbey, central London, ahead of the coronation ceremony of King Charles III and Queen Camilla.,Image: 774175184, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Andrew Milligan / Avalon Carole Middleton and Michael Middleton arrive at the Coronation of King Charles III at Westminster Abbey in London, United Kingdom, on 06 May 2023.,Image: 774248529, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Phil Harris / Avalon

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