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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
46.

staci    

SHAME ON YOU TMZ!!!! You know for celebs what you do is cool. they ask to be in the public eye. This women did not. Her daughter is an amazing gymnast but i think embarrassing gabbys mom is over the line. Her daughter went out there and made america proud and you go ang ruin her glory by making her mistakes public knowledge. SHAME ON YOU. This mother did not seek nore did she ask for fame or celebrity. You owe her an apology. And next time stick to gossip on those who asked to be famous not on the innocent mother of an olympic champion!!!

620 days ago
47.

smiles    

really tmz? come on. why?

620 days ago
48.

Katy    

And WHY should this matter to ANYBODY?

I agree with Lagunatic. This is getting pathetic, TMZ.

620 days ago
49.

D    

I feel so sorry for the parents of these olympians. Their children go for the gold yet their personal lives are being scrutinized. Did this really have to be reported? Is nothing allowed to be private anymore? So sad.

620 days ago
50.

krissy    

Wow TMZ!! U guys must be real desperate or something, this is so ignorant of you guys! I'm done with TMZ!!

620 days ago
51.

Gigi    

TMZ won't care if you threaten to leave their site over this. But their advertisers will. They are the ones to complain to.

620 days ago
52.

verlinda    

So!!!!! What's the. Deal??? It's not like she's rich and trying to beat the system. I use to like TMZ, but now you are becoming just PETTY

620 days ago
53.

Lisa    

Are there any Americans that haven't filed for bankruptcy or have their house foreclosed on? Anybody?.......Oh yes, GO USA!

620 days ago
54.

South Beach    

Well, look at that, a "Tip Line" toll free number at the top of the page, or send an email voicing your opinion about this article!

They think they have a whole bunch of new "tips" and it's outraged reader feedback they have to filter through.

Keep it clean people, no one will take you seriously if they are drowning in 4 letter words or screaming.

Of course for those on Twitter, there's Harveys twitter account ready and waiting..Maybe he'd like to hear from his public, it appears he's on vacation.

620 days ago
55.

whymoi    

Hmm . . . Let's see: She filed for bankruptcy; she's PAYING her creditors . . . Is there something newsworthy in this "breaking story" that I missed?
TMZ, I only have one word for you: K.A.R.M.A.

620 days ago
56.

Lisa    

People say they don't have to worry about finances anymore. Are you sure? The thing about these athletes is they are only given recognition every 4 years. Once the Olympic glory is gone about a month or two after the closing ceremony, nobody cares about them anymore until the next olympics.

620 days ago
57.

the artist formerly known as hand turkey    

WTF? Why is TMZ trying to dig up dirt on Olympic athletes' parents?

620 days ago
58.

lyleswifey    

TMZ please stop raiding peoples private info like bank accounts its really know ones business as a mother its obviously easy to see this mother did everything in her power to be there for her daughter and supported her succeed DO NOT judge this lady for going above and beyond duty for her daughter!! Go gabby!!! Congratulations go usa

620 days ago
59.

Tiesha Lee    

why is it we know all her information but didn't know about the white olmpic man and his families bankruptcy issues. So racist. Please let her enjoy her gold medal with her family and not be so negative. Amercia is so hypercritical and negative. Just sad

620 days ago
60.

Rosemary    

What is wrong with you people?? Her daughter brings home gold medals and you have to drag the mother through the mud! You need a new set of values!

620 days ago
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