Wednesday, May 2, 2012

Octomom: Bankrupt!


Nadya Suleman is officially insolvent. Like for real broke.

Octomom filed for Chapter 7 bankruptcy today in federal court, just one month after going on welfare. Apparently public assistance didn't go far enough.

The bankruptcy filing confirms what we pretty much already knew - that the mom of 14 is carrying a mountain of debt she has no hope of paying off.

Broke Octomom

Chapter 7 is the most serious form of bankruptcy, so although it isn't specified in public records how much Octomom owes and to whom ... it's clearly a lot.

And she's flat broke. Her house, which was in such horrendous condition last week that police investigated her for child endangerment, will be auctioned off.

Suleman has struggled with her finances for years, which isn't a big shock if you do the quick math: 14 kids + 0 jobs + 0 partner = deep financial crap.

It's all very sad, and begs the question ...

Should her kids be taken away?

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