Nadya Suleman has filed for bankruptcy saying that she has as much as $1 million in debt

Nadya – also known as ‘Octomom’ - said in a statement yesterday (30.04.12) that the move is what's best for her 14 children.

3 May 2012
The Orange County Register reported she said: "I have had to make some very difficult decisions this year, and filing Chapter 7 was one of them.”

The parent from La Habra, California reports up to $50,000 in assets in federal court filings, which means she owes more than 20 times her net worth.

Her particular category of bankruptcy means a court-appointed trustee would liquidate her assets to pay off creditors before she is discharged from most of her debts.

She owes money to her father, the city's water department, satellite company DirecTV and Whittier Christian School, where some of her children are students.

Octomom also has arrears of more than $30,000 in rent payments on her four-bedroom house.

The home's owner, Amer Haddadin, says his own credit has suffered as he allowed the home to go into foreclosure proceedings by not making the mortgage payments.

Nadya was in financial dire straits before the January 2009 birth of her octuplets brought her notoriety.

The unemployed single mother had been supporting her six other children with the aid of food stamps and Social Security disability payments - sources of income that she continues to rely on.

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