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.
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.
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!