"Many Photos" - Paul McCartney’s wife Nancy Shevell’s family firm has declared bankruptcy after racking up millions in debt

SIR Paul McCartney’s mega-wealthy wife has had to declare her family firm bankrupt after it racked up millions of dollars in debt.

Nancy Shevell, 59, who is worth around £120million, is said to be “very sad” about the closure of the US-based trucking company.

Nancy Shevell did not ask her Beatles lover Sir Paul McCartney for a bailout

Getty - Contributor

She did not ask her Beatles husband, 76 — who has an £820million fortune — for a bailout. The company, called New England Motor Freight Inc, was founded by her dad Myron in 1977.

According to papers filed at the US Bankruptcy Court in Newark, New Jersey, last week, it owes between $50million and $100million (£64m and £129m).

A source said: “Nancy is very sad. It’s the end of an era.

“No one wants to see a business fold or people losing jobs. But the trucking industry is becoming increasingly competitive and the company was haemorrhaging cash.”

Nancy has held various positions at her family’s firm, including vice-president

Getty - Contributor

most read in showbiz

COME BARK TO MINE?

Ant McPartlin's ex Lisa invites hunky chef home with dog after pub date

Changing face

Jesy Nelson's incredible transformation from X Factor to global superstar

WHAT A PAYNE

Naomi Campbell warns Liam Payne not to get too clingy after 'mind-blowing' sex

SAYING GOODBYE

Katie Price goes on ‘last’ holiday with dying mum as cameras follow to Spain

COL'S AWAY FIXTURE

Coleen Rooney jets off on hols without Wayne but with wedding ring ON

HOLIDAY BLUES

Katie Price looks glum as she films bucket-list hol with dying mum & Kris

The source went on: “Nancy discusses her affairs with Paul but this is nothing to do with him. He didn’t volunteer his cash and she wouldn’t have expected him to.”

Nancy has held various positions in the firm, including vice-president.

The closure comes just days after it was revealed that David Beckham ploughed £22million into his wife Victoria’s ailing fashion empire.

---

• GOT a story? RING 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL exclusive@the-sun.co.uk

---

Link
https://textbacklinkexchanges.com/paul-mccartneys-wife-nancy-shevells-family-firm-has-declared-bankruptcy-after-racking-up-millions-in-debt/
News Photo Paul McCartney’s wife Nancy Shevell’s family firm has declared bankruptcy after racking up millions in debt
Advertising
You don’t have to pack away your dress just because you’re the wrong side of 20. These body-beautiful stars reveal their secrets to staying in shape and prove you can smoulder in a two-piece, whatever your age. Read on and be bikini inspired!

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
https://www.thesun.co.uk/wp-content/uploads/2019/02/NINTCHDBPICT000418140845.jpg?strip=all&w=870