Gabby Douglas made it look like winning a gold medal in the Olympics was easy, but apparently, it was a miracle for her and her family.
According to TMZ, the 2012 Olympian had some serious financial woes, that caused her mother to file for bankruptcy right before the games began.
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The site reports:
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 divy it up among her creditors.
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Fortunately, Gabby and her family may not have to worry about money for the rest of their lives, since she is set to make a fortune off of endorsement deals.
We’re so proud of Gabby and we wish the best for her and her family in the future. She has certainly earned it!
