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Gabby Douglas

Mom Filed for Bankruptcy

Before Olympic Triumph

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

0804_gabby_douglas_Natalie_Hawkins_getty
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
61.

Looper73    

This is the first time a TMZ article brought tears to my eyes -- in the worst possible way. I'm embarrassed for YOU, not for Gabby or her family. Your tired MO is just to sit back and wait for a feel-good story that brings fame, fortune and respect to a deserving individual, then you go after them with all your shady resources like friggin' piranhas. I seriously hope that Anonymous poster is able to rally his/her peeps to dig dirt on everyone involved in publishing this tripe -- after all, you bozos somehow managed to get on TV and obtain a little fame. Isn't time YOUR personal lives and finances were displayed all over the internet? Isn't that how it works now? Unbelievable.

748 days ago
62.

billyk    

As usual, TMZ is keeping it sleazy. You guys suck!

748 days ago
63.

oneopinion    

This little girl has sacrificed to great lengths, lengths many of us do not even understand, as have her family. And this is the only thing you find to report about her? She has brought glory to the United States and u find this newsworthy? Really?

748 days ago
64.

oneopinion    

You are talking about a single mother who has sacrificed greatly so her little girl could bring glory to our country and this is what you have to report?

748 days ago
65.

Incognegro    

Shame on you TMZ!!!!!!

748 days ago
66.

mattyboo    

you should be ashamed running the article. gabby wins gold and bring joy to her family and the country and you feel it right to air their dirty laundry? i bet the mother sacrificed everything to give her daughter the chance to realize her dreams. you are better than that tmz ... take the story down.

748 days ago
67.

Joan K    

Well KMZ how do you feel now? I bet it made your day to post this about her Mother, one day it is going to come back to bite you losers in the azz.

748 days ago
68.

Stephanie    

I think that you've gone too far with both this girl's family and Ryan Lochte's. They don't deserve to have this information out here. Are you really that desperate. Not even radaronline would do this.

748 days ago
69.

DirtySouth    

Let's hope so. Lochte's parents, too. These Olympic parents sacrifice a lot for their kids to live their dreams.

748 days ago
70.

ribbitt31545    

you guys at TMZ are total DOUCHEBAGS for posting this! It is nobody's business about these people's finances! Let their kids have their moment! They represented the USA fabulously and now you wanna pull some crap like this to dampen their spirits? Really, TMZ, REALLY??

748 days ago
71.

fonzie    

For some reason I didn't mind the Lochte article because he and the father come off so arrogant...but leave this beautiful family alone.

748 days ago
72.

SusanInFlorida    

They should sue Gabby's orthodontist - she has a
MAJOR overbite!

748 days ago
73.

Truth    

PEOPLE IN GLASS HOUSES... HERE'S AN EASY SOLUTION TO ALL YOUR WOES... STAY OFF THE F*CKING SITE!!!! BUNCH OF CRY BABY WANKERS HERE. BOO-HOO, WAH-WAH-WAH. IF NOT TMZ SOMEONE ELSE WOULD HAVE PULLED THIS PUBLIC INFO OFF THE STREETS. BTW, NO ONE FORCED YOUR ASSES TO COME HERE. HMM, LET'S CHECK YOUR BOOKMARKS AND SEE WHO THE HYPOCRITE IS.. #TRUTH!!

748 days ago
74.

Lee    

She is voluntarily paying off her debts unlike many others who use bankruptcy as legalized stealing. Three cheers for Gabby's Mom. Lots of respect for that family!!!

748 days ago
75.

Big Headed Tom    

Again you guys stoop to the lowest levels. This young lady's moment in the spotlight ruined by this type of reporting. I notice you've never done a story on what guy Harvey is dating...why?

748 days ago
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