Suleman, dubbed Octomom by the media after she spawned 14 children via in-vetro fertilization, says she wants a fresh financial start and filed Chapter 7 paperwork yesterday stating that the bankruptcy is what’s best for her children.
“I have had to make some very difficult decisions this year, and filing Chapter 7 was one of them,” Suleman said.
Yuup… another day, another bankruptcy!
Find out how Octomom accumulated so much debt under the cut…
Sullemon, has hustled checks from just about everyone, including PETA who paid the mother of 14 to represent them in their spay and neuter campaign, and it appears her “celebrity-ism” has come to an end.
She now reports she owes up to a million dollars but only has about $50,000 in assets in federal court filings, which means she owes more than 20 times her net worth.
“I don’t think you can get farther, deeper down into the rock bottom than we are at this point,” said Octomom.
In the documents, Suleman lists her creditors as her father, the city’s water department, DirecTV, Sylvan Learning Center and Whittier Christian School, where at least some of her children are students.
She also owes over $30,000 in rent payments on her four-bedroom house.
Suleman was already in dire financial straits prior to the January 2009 birth of her octuplets. She lived with her mother in a three-bedroom house in Whittier that was in foreclosure proceedings at the time of the octuplets’ birth, which brought her notoriety and an income (in addition to 8 more mouths to feed).
The unemployed single mother had been supporting her first six other children with the aid of food stamps and Social Security disability payments, all of which she reportedly continues to rely on to this day!
In 2009, Suleman declined a million-dollar offer to appear in an adult film but just last month, she posed semi-nude for a paid interview in a British publication.
[READ: Wanna see Octomom Naked… PHOTOS]
What do you think about Octomom accumulating so much debt?
Especially being that there are way more “unemployed” mothers out there who didn’t have the resources given to her…