Kate Garraway’s Financial Nightmare: £800,000 Debt and £288,000 Tax Bill After Husband’s Death

As a devoted admirer, I find myself utterly taken aback to learn about the fresh financial hurdles that Kate Garraway has faced in the wake of her heart-wrenching ordeal with her late husband Derek Draper’s passing. Her debt struggles have only deepened this shock, leaving me deeply saddened and concerned for her wellbeing.

The speaker, aged 58, candidly shared that she’s facing a debt range of approximately £500,000 to £800,000 due to looking after her deceased spouse.

56-year-old political lobbyist Derek passed away in January 2024 after a prolonged struggle against Long COVID, for which his spouse, Kate, spent approximately £16,000 monthly on his care.

Wow, here I am, absolutely thrilled about this latest development! The new liquidator’s report has shed some light on the hefty tax bills that the defunct psychotherapeutic company of my beloved Derek, Astra Aspera, still owes. Can’t wait to see how this unfolds!

The business, equally managed by Kate, faced bankruptcy, amassing debts totaling hundreds of thousands of pounds towards various creditors, among whom is HMRC with a substantial unpaid bill.

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According to documents submitted to Companies House, it appears that Kate has been actively working towards paying off her debts. This recent development includes HMRC reducing the initial total amount owed, which offers a modest improvement in the situation.

According to the provided documents, HMRC’s most recent priority claim amounts to approximately one-third of its earlier proposed claim for 2023, which was £716,822, totaling now at £288,054.

The reason for HMRC stopping the payment remains unknown. Furthermore, the filer mentioned they don’t have enough money on hand to distribute a dividend to secondary preferential creditors.

According to The Sun, Kate has so far paid back £21,000.

Regarding the reported numbers, Kate’s representative stated to TopMob that the surprised television personality does not identify with these amounts and is currently communicating with HMRC to ensure compliance with their requirements.

Over the past four years, Kate has provided everything requested by Derek’s company’s liquidators, and even exceeded their expectations.

‘She doesn’t recognise these figures and is shocked that it’s being presented in this way by them.

Nurturing Derek and helping his family during the time when he couldn’t manage his own enterprises has significantly impacted her financially, yet she remains steadfast in her resolution to rectify the situation.

‘She keeps communicating regularly with HMRC to ensure that all obligations pertaining to Derek’s dissolved business are being met accurately.’

For a span of four years, Derek fought against prolonged effects of Covid-19 until his passing. Moreover, Kate has publicly shared the financially catastrophic impact of covering his medical expenses during those years.

At times when Derek wasn’t at the hospital, it was necessary for him to receive round-the-clock care at home, which was provided by his wife and a group of caregivers.

For four years, Derek fought a prolonged battle against Long COVID before he passed away. It’s been publicly acknowledged by Kate that the costly expenses associated with his care during this time took a heavy financial toll on them.

At times when Derek was not in the hospital, it was essential that he received round-the-clock care at home, which was provided by his wife and a group of caregivers.

In January, Kate discussed finding herself burdened with an overwhelming amount of debt that cannot be repaid, as she shared her experiences in managing the financial aspect of his care.

She mentioned that they had recently reminisced about the difficulties they encountered a year ago, among which, a significant one was arranging for his medical care as he was admitted to intensive care prior to his passing.

At the time of his demise, there were two requests for financial support that had yet to be addressed. They continued to be delayed again and again.

For now, I’m fortunate as my job is exceptional and pays well. It’s been helping me manage the circumstances financially.

Due to this, I now find myself saddled with an overwhelming amount of debt that cannot be repaid. In such a predicament, one might wonder what other hardships may follow.

By March 2024, it was disclosed that the presenter had been shelling out approximately £16,000 monthly for her late husband’s care.

In an interview with Good Morning Britain, I confessed my embarrassment about being in debt. Despite having a fantastic job that I adore and which pays quite generously, I find myself in this situation.

I’m not someone who journeys far, covering my own transportation costs, just to assist someone for the least possible pay.

‘I’m somebody that is very well paid and so I just feel a shame that I couldn’t make it work.’

2025-05-21 21:34

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Kate Garraway’s Financial Nightmare: £800,000 Debt and £288,000 Tax Bill After Husband’s Death

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