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Gabby Douglas

Mom Filed for Bankruptcy

Before Olympic Triumph

8/5/2012 1:00 PM PDT BY TMZ STAFF
EXCLUSIVE

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update_bar

8/6 -- Hawkins spoke to reporters about her financial history in London yesterday ... saying, "It's my story, it's part of me. I'm not even embarrassed about it."

She added, "It shows that even though I didn't like to have to do it, I'm glad there was something there for me to be able to protect my home."

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Just a few months before Gabby Douglas won her gold medal -- and opened the door to countless opportunities that will undoubtedly score her millions of dollars -- her mother filed for bankruptcy ... TMZ has learned

According to documents filed earlier this year in Virginia, Natalie Hawkins filed for Chapter 13 ... which is far less severe than Chapter 7. The docs state Hawkins has assets totalling $163,706.10 and debt totaling $79,754.14.

Her creditors include:
Capital One -- $1,534
Student loan -- $4,350.23
Sprint -- $158.78
T-Mobile -- $413
Orthodontist in Iowa (where Gabby trained when she was 14) -- $408

With the Chapter 13 filing, Hawkins has agreed to a monthly payment plan. She began making payments of $408/month back in February ... to a trustee who will divvy it up among her creditors.

However, with Gabby’s new found fame and the potential to make a bloody fortune, it's likely her mother will never have to worry about bankruptcy or money problems ever again.

Go USA.

For more sports stories, check out tmzsports.com!
542 COMMENTS

No Avatar
166.

Tori    

How dare TMZ 'report' on US Olympic medalists parents filing for bankruptcy and home foreclosures. These people are national heroes and their finances should be off limits. Let them live their dream in peace.

747 days ago
167.

Barbarascy    

Um, I don't understand why this is on TMZ. First of all if there is a celebrity it is Gabby not her mom. Gabby didn't file for bankruptcy; her mother did. Her mother's actions should be nothing but inspiration for people who are trying to make it AND make a dream come true. It seems to me that this story was done to take some shimmer off of Gabby's accomplishments. Not cool TMZ. NOT cool at all.

747 days ago
168.

Doug    

This article is just disgusting and insensitive. I've never seen such an overwhelming reaction of disgust in the comments section. I just want to join everybody and say: we demand you remove this article, TMZ!

747 days ago
169.

Marie Jones    

What does her mother's financial situation have to do with the fact that Gabby is a gold medal winner? Yes, Gabby like countless other new celebrities came from everyday roots. In other words she was not born with a silver spoon in her mouth! Why does the media feel the importance of telling very personal information to the masses? It is nobodies business what her mom's financial business is! Why can't you just be happy about her daughter's success, which will end her and her mom's money problems!!! You go Gabby, and please disregard any negative press you are sure to get because you are a little black girl, who has made it to the top of her game!

747 days ago
170.

lace    

The little schmucks that work at TMZ are sitting around laughing at how much this article hit a nerve being so raunchy and completely inappropriate.
They get off on that rather than having any morals whatsoever...

747 days ago
171.

Bern    

I never comment on stories, but I have to ask, TMZ did you run to do background checks on all the parents of the team, although this is a publc record this is non of our business. I question your motivation for this story.

747 days ago
172.

blackgirlwhiteguy    

Gabby's gold medal winning performances at the Olympic Games is news not personal information about her mom's finances.

Debt in America is nothing new and the expense of raising an Olympian is huge with training, travel,medical, educational expenses, etc. Why is this news or even gossip worthy?

747 days ago
173.

ms    

Sorry.. But this is what is wrong in America. EVERYBODY DESERVES EVERYTHING whether they can pay for it or not. The rest of society then picks up the tab.

747 days ago
174.

Bob    

The TMZ newsroom is filled with feeble-minded narcissists and Harvey is clearly an insecure, shallow and unlikeable tool. Not only will I no longer come to this site, I will write AT&T, Southwest, American Express. Verizon and and any other sponsor and urge them to discontinue doing business with this bottom feeder site. Shame on you Harvey.

747 days ago
175.

truefighter919    

Hey,TMZ why don't you look into Mitt Romney " Baptisms of Dead People " ! Now thats a story !

747 days ago
176.

truefighter919    

Hey,TMZ why don't you look into Mitt Romney " Baptisms of Dead People " ! Now thats a story ! HATER !

747 days ago
177.

Savvy1    

What was the point in announcing this other than to embarrass her and her family?? She a frikken American and her biggest haters are AMERICANS! This is a new low, even for you tmz!! Shame on you! *******s!

747 days ago
178.

IceGypsy    

Many families are having rough times now. With some sports, parents have been known to get 2nd mortgages and massive loans to help cover the cost of training an Olympian.


I think the focus needs to stay on the athletes and what they have accomplished and not dig into what their parents are going through.

747 days ago
179.

bill_kiddo    

Actually, her filing is a total scam and should be reported. Everyone knew the fab 5 was going to hit gold and her mother chose to walkaway from her debts that could have been paid off after the Olympics. The BK judge should overturn the BK and make her pay. Those who walk away from legal debts when they can pay are in my eyes THIEVES.

747 days ago
180.

Missy    

TMZ do you really think this is fair?

747 days ago
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