Wednesday, July 18, 2012

Prince Hermann declared bankrupt

July 18, 1908

Prince Hermann of Saxe-Weimar, second in line in the succession to the Duke of Saxe-Weimar, appears to be "following in the footsteps" of his profligate parents, reports the Marquise de Fontenoy,

Prince Hermann has been declared bankrupt, forced out of the army, where he was a commissioned officer in the lancers, and he has been placed under a 'curatel,' which will deprive him of the "right of owning or managing property."  His affairs are now in the hands of trustees.

The 22-year-old prince has been reduced to a "condition of legal minority."   Legal action was against Prince Hermann, due to his extravagance. 

Hermann is the eldest of three children of Prince Wilhelm of Saxe-Weimar-Eisenach and his wife, Princess Gerta zu Isenburg-Büdingen. 

Prince Wilhelm also has had his own financial problems, and has been forced by the Grand Duke to live outside Weimar.  Wilhelm is heir presumptive to the throne as the young Grand Duke Wilhelm Ernst is a widower.  His wife, Princess Karoline of Reuss died in January 1905.  Many assume that the Grand Duke will marry again, and ensure the succession is kept to the main branch.

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