When you have fourteen kids, it’s tough to pay the bills . . .

Nadya Suleman, dubbed the “Octomom” by the tabloids, is facing foreclosure on her home in California.

According to Texas attorney Reed Allmand, Suleman couldn’t pony up a $450,000 balloon payment on her mortgage which was due in March. Allmand thinks a bankruptcy filing might be in the Octomom’s future, as she apparently hasn’t handled money from her new-found celebrity (which included a televised documentary on her life with a large family) very well.

If Octomom does file for bankruptcy, it’s a good bet she is eligible for Chapter 7. Just for fun, I calculated the median income for a fifteen-person California family as $161, 694!

 

By Doug Beaton

This entry was posted in Foreclosure, Just for fun. Bookmark the permalink. Both comments and trackbacks are currently closed.