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Gabby Douglas

Mom Filed for Bankruptcy

Before Olympic Triumph

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


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."

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.


For more sports stories, check out tmzsports.com!

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What the hell? Why did you need to list all the company's her mom owes money too? That's NOT our business! Seriously, you all suck, there should be a law against you all laying out everyone's personal finance issues. SHAME ON YOU HARVEY!!

812 days ago


Talk about tmi...

812 days ago

What You Really Want To See    

-'TMZ has learned'
You scuzz buckets should stay out of people's lives. This woman is entitled to privacy. You guys are low life ****s.... and i hope you can read the censored word.

812 days ago

jimmy d    

Gabby, you probably have extremely tight private parts, front and back, get that nose thinned out, way too wide, and after that with all the cash coming in you will be able to get a white guy, don't settle for purple ashy dong

812 days ago

I luv u RPattz!    

Who doesn't have debt? C'mon TMZ.

812 days ago


Most Americans are upside down in the mortgages and debt. We're all affected. Have some class TMZ and yank this off. It is sad and unnecessary. This girls golden moment and you are getting off on trashing her and her family. NO CLASS..

812 days ago


Good for them !!!

812 days ago


TMZ should investigate Mitt Romeny's finances.

812 days ago


Actually I'm surprised her debt is so small.
Getting a kid all the way from beginner classes and all the way to the Olympics has got to be hugely expensive.
I know it varies from sport to sport and equipment needed
But Olympic calibre coaches and training facilities must cost big bucks

Anyway congrats to Gabby, her Mother, her trainers, family and friends. WOOT!

Hehe, Flying Squirrel. That cracks me up

812 days ago


"Go, USA""?!?! How f*****g hypocritical to use that expression while showing to the world, every single penny this woman owes in debts. TMZ has jumped its own shark and, this post about Gabby Douglas' mother and her financials exposed for all to see has got to be right down there with the lowest of posts and, there are so many to choose from at this point, I'm hoping that people will start boycotting this site, you know, Harv, just like you carry out your agendas against various other businesses.

812 days ago

Supr Dav     

Well thought out and planned to file so they could avoid paying what they RIGHTFULLY OWE. Disgraceful but not surprising. It's how they roll.

812 days ago


Thanks, TMZ. Take a feel good story, and move it right into the gutter. Somebody becomes popular because of her talent and hard work, and you feel some need to go looking for the dirt.

It is really below the belt journalism, if you can even call it that.

812 days ago


Why is this crap on TMZ? The mother is not famous or is none for anything and TMZ has to make Thread about this? Really?

812 days ago


F-cked up tmz.... U guys will do anything to make money... Everyone who has a problem with Harvey should go to Mel's Diner on sunset.. He's there every morning around 5am... Let's see how he feels when people start following him around!! Lol b-tch

812 days ago

Fat Mike    

Again, why is this on TMZ? Leave these athlete's families alone, you parasites.

811 days ago
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