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aneela
Octomom Files for Bankruptcy (TMZ 4/30)
by aneela
April 30, 2012 at 4:27 PM

Octomom Files for Bankruptcy

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0430-octomom-nadya-suleman-2bankruptcy-filing-bankrupt-article-1
We all saw it coming -- Octomom has filed for bankruptcy ... TMZ has learned.

Nadya Suleman filed for Chapter 7 today in federal court -- a month after going on welfare -- meaning she's hopelessly buried in a mountain of debt.

Chapter 7 is the most serious form of bankruptcy -- it's basically when you go belly up -- something Octo is well-familiar with.

The legal docs we obtained do not specify her creditors or how much she owes -- but it's pretty clear ... she's dead broke.

Replies

  • tayanddyl
    April 30, 2012 at 4:29 PM

     poor kids

  • aneela
    by aneela
    April 30, 2012 at 4:30 PM

    Octomom Now On Welfare 0330-nadya-suleman-Welfaretmz-ex
    Octomom is doing what she swore she would never do -- go on welfare ... TMZ has learned.

    The mother of 14 is getting $2,000 a month from the State of California. The money is deposited directly into a special debit card account (see above). The card can ONLY be used for food -- and it's closely monitored by the State to make sure the cardholder isn't making illegal purchases -- i.e., buying a bike at Costco.

    It's a cruel twist, for a woman who vowed in 2010 -- a year after giving birth to octuplets -- she would NEVER go on welfare, saying she refused to become "a self-fulfilling prophecy" by accepting government assistance.

    Octo qualified for the card because her income is less than $119,000 a year ... and a family of 15 that makes less than that amount is entitled to welfare benefits

    In case you're wondering, the $119,000 figure is based on an average of just under $8,000 for each member of the household. The more kids, the more you can make and still receive welfare.

    We’re told the cash-strapped mom has taken her children out of private school, except for her one son who has autism, saving her $4,000 a month. And as we first reported, she's even posing topless to make ends meet. But it just wasn't enough.

    It's a sad story, but one we saw coming from a mile away.

  • Rushn311
    April 30, 2012 at 4:57 PM

    Not a shock!

  • besosfantasies
    April 30, 2012 at 5:12 PM

    Wow.. 

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