Taking Names: ‘Octomom’ declares bankruptcy

“Octomom” Nadya Suleman has filed for bankruptcy, saying in a court filing that she has as much as $1 million in debt.

Ms. Suleman wants a fresh start and said in a statement that filing for bankruptcy Monday is what’s best for her children, according to the Orange County Register in California.

“I have had to make some very difficult decisions this year, and filing Chapter 7 was one of them,” Ms. Suleman said.

The La Habra, Calif., mother of 14 reports up to $50,000 in assets in federal court filings, which means she owes more than 20 times her net worth.

Ms. Suleman is filing Chapter 7 bankruptcy, which means a court-appointed trustee will liquidate her assets to pay off creditors before she is discharged from most of her debts.

Duran Duran (from left) John Taylor, Simon Le Bon, Nick Rhodes and Roger Taylor will represent England at a concert to kick off the London Olympics this summer. Mr. Le Bon said it will be "one of the highlights of the last decade for us." (Associated Press)

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Among those to whom Ms. Suleman owes money are her father, the city’s water department, DirecTV and Whittier Christian School, where at least some of her children are students. Ms. Suleman also owes more than $30,000 in rent payments on her four-bedroom house.

Ms. Suleman was in dire financial straits before the January 2009 birth of her octuplets brought her notoriety.

Since the birth, she has cut deals with media outlets and posed in tabloid photo spreads to get by. She also touted a book and exercise videos that never materialized. She earned $5,000 for promoting spaying and neutering for an animal rights group and was paid to take a beating in celebrity boxing matches.

Last month, semi-nude photos of Ms. Suleman ran alongside a paid interview in a British publication. She defended the photo spread in tabloids by saying she wasn’t ashamed of it.

All of Ms. Suleman’s children were conceived through in vitro fertility treatments. Her octuplets are the world’s longest-surviving set.

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Less than two weeks later, it had reaped more than $1 million. Already among the most respected stand-ups in the country, Louis C.K. was suddenly a media trailblazer, too.

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