Money Troubles

Octomom Files for Bankruptcy

Someone probably should have warned her that kids are expensive. Octomom Nadya Suleman has filed for Chapter 7 bankruptcy in a Santa Ana, Calif., court. Suleman may have debt as high as $1 million and assets of only up to $50,000. Those who file for this type of bankruptcy usually get a discharge from most of their debts. “I have had to make some very difficult decisions this year, and filing Chapter 7 was one of them,” Suleman said. “But I have to do what is best for my children, and I need a fresh start.”