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THE debt-plagued Duchess of York is living the high life again, The Sun can reveal.
She invited 20 celebrity pals including Lisa Marie Presley to a lavish bash for her 51st birthday.
Fergie, who admitted in the spring she owed £5 million, and guests downed pink champagne during a meal of haddock risotto, followed by cheesecake and birthday cake.
Supermodel Naomi Campbell, 40, was at the party, along with Elvis's daughter Lisa Marie, 42.
A royal insider said last night: "She's not exactly behaving like someone who was staring bankruptcy in the face just weeks ago.
"She was drinking fizz with chums in a royal residence - exactly the kind of behaviour that got her into financial trouble.
"You have to wonder if she'll ever learn her lessons."
The party, in Royal Lodge, Windsor, Berks, was paid for by Fergie's ex-husband Prince Andrew, 50, and hosted by their daughters, Princesses Beatrice, 22, and Eugenie, 20.
Andrew is believed to have paid off £1.5million of Fergie's debts.
And he recently funded repairs to her £130,000 Bentley Continental Flying Spur.
In May, Fergie was filmed taking £27,000 from a reporter posing as a tycoon and saying she could arrange access to Prince Andrew, a trade envoy.
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