"How did I go broke?" the once-rich F. Scott Fitzgerald said to Ernest Hemingway. "Two ways – slowly then quickly." More and more wealthy Britons are being left surprised at the speed with which the golden horse-drawn carriage of their lives has suddenly become a train on a one-way ticket to Queer Street.
The Duchess of York – who is facing bankruptcy, has been reduced to trying to sell her husband's influence like some eau de parfum and is now in danger of losing her home – is only the most recent case of financial meltdown among the well-heeled. The phenomenon of the A-list debtor is not a localised trend: it's a sign of the times.
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