Report: L'Wren Scott nearly $6M in debt when she died

Report: L'Wren Scott nearly $6M in debt when she died

Credit: Getty Images for Banana Republic

LOS ANGELES, CA - NOVEMBER 19: Singer Mick Jagger and fashion designer L'Wren Scott attend the launch celebration of the Banana Republic L'Wren Scott Collection hosted by Banana Republic, L'Wren Scott and Krista Smith at Chateau Marmont on November 19, 2013 in Los Angeles, California. (Photo by Michael Kovac/Getty Images for Banana Republic)

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by Associated Press and NBC News

kgw.com

Posted on March 18, 2014 at 7:42 AM

Updated Tuesday, Mar 18 at 7:49 AM

The fashion and entertainment world are still in shock about the apparent suicide of high-end designer L'Wren Scott.

The 49-year-old, who was the girlfriend of Rolling Stones frontman Mick Jagger, was found hanging in her apartment around 10 a.m. Monday morning. No foul play is suspected, and police were seen taking her computer out of her building. Most recently, she cancelled a fashion show last month in London, citing production delays.

As the police continue their investigation surrounding her death, reports are surfacing that Scott's fashion company had been in debt. Accounts filed by LS Fashion Ltd. in London show the company run by Scott had liabilities that exceeded assets by 4.24 million euros ($5.9 million) as of Dec. 31, 2012, the Associated Press reported Tuesday.

The company's long and short-term debts totaled 6.75 million euros against assets, capital and reserves of 2.51 million euros, according to the accounts, which were filed in October.

Scott's possible financial trouble is a surprise to many. The Utah-raised designer dressed some of Hollywood's biggest names, including Sarah Jessica Parker, Angelina Jolie, Amy Adams, Nicole Kidman and First Lady Michelle Obama.

And last year, she teamed up with Banana Republic to bring her style to the masses. At least 50 pieces of apparel and accessories were sold as part of the collection.

Meanwhile, concert organizers said the Rolling Stones had canceled a show scheduled for Wednesday in Perth, Australia. There was no immediate word on future dates on their tour.

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