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Last Updated: Monday, 5 September 2005, 11:19 GMT 12:19 UK
Tracy Edwards declared bankrupt
Tracy Edwards
Edwards was made an MBE in 1989
Round the world yachtswoman Tracy Edwards has been declared bankrupt.

The 43-year-old, who was awarded an MBE for skippering the first all-women crew around the world, is now building a new life with her daughter in the Gulf.

In February, Ms Edwards said the debts she owed to sponsors made her life "a misery" and forced her to leave the UK.

The bankruptcy petition for 60,000 was brought by Gregory Browne, the former financial director of her company, Quest, who was dismissed last year.

The loan for her yacht and money owed to crew and promotions companies amounted to 6.3m.

However, it has been reported that Ms Edwards, who was brought up in Swansea, south Wales, has personal debts of 8m.

It is thought she could lose the farmhouse she shared with her five-year-old daughter and mother in Yattendon, near Reading, Berkshire.

Miss Edwards did not attend the 10-minute hearing at the London Bankruptcy Court and was not represented by lawyers.

Edwards describes 'debt misery'
04 Feb 05 |  Berkshire
Yachtswoman pays her 'loyal' crew
03 Dec 04 |  Berkshire
Yachting heroine must repay loan
02 Dec 04 |  Berkshire
Yachtswoman banned from driving
22 Apr 04 |  Wiltshire
Edwards unveils plans
30 Jan 04 |  Other Sport...
Edwards eyes Jules Verne mark
14 Oct 03 |  Other Sport...

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