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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
121.

david 183    

What a disgusting article. TMZ has no shame. Maybe it's time we all show TMZ what we feel and boycott them if this article isn't retracted and with an apology. Get the word out that TMz has to ship up or shape out. Time to go!!!!

776 days ago
122.

pattycake    

oh poor Gaby... she has a deadbeat mom..there goes all her earnings...she will be broke soon..that mom will milk her dry... that sucks for her

776 days ago
123.

david 183    

I used to recommend TMZ to people and tell them it was an entertaining site, now I will tell people that it sucks and has lost it's way. Not very entertaining when you are belittling peolpe. TIME TO BOYCOTT!! They did the same crap to Ryan Lochte. TIME TO GO TMZ.

776 days ago
124.

Jen    

Now she can pay off her mamma's debt.

776 days ago
125.

Jen    

It was her mother who said on NBC that she was broke and Gabby's gymnastics took everything...blah, blah...the mother brought her finances to the public eye first. Now, she has to ask her daughter for money...sad.

776 days ago
126.

bc31    

Classy move TMZ. Did you run out of celebrity gossip that you had to start digging into the credit reports of the olympic parents? What does anyone gain from this information? Nice way to put your blemish on a nice moment for the US.

776 days ago
127.

Fortune Cookie    

Sounds like someone is jealous that their parent(s) haven't sacrificed everything, like Gabby Douglas' mom have. So they air her dirty, yet private laundry. Tisk Tisk TMZ.....

776 days ago
128.

Virginia Beach    

I have no doubt Gabby's mom is strapped financially. All kids are expensive - and getting one to the Olympics has got to be outrageous. What I would like to know however, is if Gabby is planning to give a sizable donation to the home gym Excalibur for giving her what was rumored to be years of scholarship training. I've yet to hear anyone in her family mention the gym that got her good enough to even be considered for Iowa. Regardless, she did an awesome job and seems like an amazing girl. Yea for her!

776 days ago
129.

Lee    

This is unfortunate, but I'd like to see this little girl reap $$$ millions in endorsements. The family could use it.
I'd rather see her make a ton of money off her talent than Bristol Palin make one red cent off her 'talent' of getting herself knocked up at age 17.

776 days ago
130.

celizabethd    

Leave these parents alone. 2nd article in 2 days talking about the finances of people who are not celebrities. I don't consider them fair game in the gossip biz. Cheap shots!

776 days ago
131.

WHAT IN THE WORLD    

Nothing and no one can stop blessings from God. This was her destiny. Way to go, Gabby!

776 days ago
132.

GoUsa    

Way to celebrate USA's victory and this girl's accomplishment by airing her family's dirty laundry. Didn't you just do this with Ryan Lochte's family too!? And to list the creditors and how much they owe is so tacky, TMZ! It's obvious that her mother was trying to clear that issue up, but what an excellent job of your writers humiliating her and her family when she should be celebrating the ultimate achievement. I appreciate TMZ reporting things first, but they're getting lower and dirtier as time passes. Thumbs down, Harvey Levin.

776 days ago
133.

Rachel    

On one end, TMZ keeps talking about USA Golds and USA Pride and then it turns around and humiliates the families of the Olympic Champions. Does TMZ not think these stories aren't embarrassing for Ryan Lochte, or Gabby Douglas?! This should be a happy and proud time in their life and TMZ has managed, to try to humiliate them. Great American Pride, TMZ!

776 days ago
134.

Rachel    

On one end, TMZ keeps talking about USA Golds and USA pride, and then it turns around and humiliates the families of the Olympic Champions by sharing their financial problems. Do you think this doesn't embarrass Michael Lochte or Gabby Douglas!? This should be a happy and proud time for these families and TMZ has managed to humiliate them. Great American Pride TMZ!

776 days ago
135.

Nicole    

To all of you that think it's no one's business- Who do you think the debt gets passed onto?

776 days ago
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