Her family situation may be unique, but her financial burdens are not. Nadya Suleman, dubbed the "octomom" by the media after the birth of her octuplets, filed for chapter 7 bankruptcy earlier this week after amassing an enormous debt.
Suleman was having financial problems even before the birth of the octuplets, and her debt is magnified now. She has a total of 14 children, and supports some of them with food stamps and Social Security disability payments. She's unemployed and sometimes relies on photo spreads in tabloids for some extra income.
According to CBS News, she has approximately $1 million in debt and just $50,000 in assets. She has a four-bedroom house, on which she owes $30,000 in rent. She also owes money to various people and entities, including her own father, her children's school, DirecTV, a city water department and Sylvan Learning Center, among others.
Suleman says that it was not easy to come to the decision to file for chapter 7, but she thinks the move will give her a fresh start and is the best decision for her children.
Despite efforts to make money in the media, Suleman has struggled to do so. A book and exercise videos were planned, but the idea fizzled. She has also turned down money to do more provocative photo spreads, but recently hinted that she would be more open to the idea if the payday was worth it.
She recently told a news outlet that financially she is at rock bottom. Filing for bankruptcy could be the first step in getting her finances turned around.
Source: CBS News, "'Octomom' files for bankruptcy, owes $30K in rent, up to $1M in debt," May 1, 2012