Octomom Bankruptcy: Chapter 7 Bankruptcy
Octomom Bankruptcy: Chapter 7 Bankruptcy, Nadya Suleman — known as “Octomom” — filed bankruptcy papers on Monday here in federal court.
Suleman’s debt could be as much as $1 million — 20 times more than her net worth, according to court documents. The mother of 14 has up to $50,000 in assets.
“I have had to make some very difficult decisions this year, and filing Chapter 7 was one of them,” Suleman, 36, said through an e-mail sent by her manager, Gina Rodriguez. “But I have to do what is best for my children, and I need a fresh start.”