Posted: May 01 2012
LOS ANGELES – “Octomom” Nadya Suleman is filing for bankruptcy, telling a US federal court she has as much as $US1 million in debt.
The Orange County Register reports that Suleman wants a fresh start and says filing for bankruptcy is what’s best for her children.
Suleman will file Chapter 7 bankruptcy, which means a court-appointed trustee would liquidate her assets to pay off creditors before she is discharged from most of her debts.
The La Habra mother of 14 has reported up to $US50,000 in assets in federal court filings.
Among others, Suleman owes money to her father, the city’s water department, DirecTV and Whittier Christian School, where at least some of her children are students.
Suleman also owes more than $30,000 in rent payments on her four-bedroom house.
No word on when the bankruptcy will be finalized.
For Suleman, financial hardship has been her constant companion since she gave birth to octoplets three years ago.
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