Thanks to TMZ<http://www.tmz.com/2012/08/05/gabby-douglas-mom-bankruptcy/>, Gabby Douglas’ mother’s business is all out in the street.
According to documents filed earlier this year in Virginia, Natalie Hawkins filed for Chapter 13.
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.
However, with Gabby’s new found fame and the potential to make mo’ money, mo’ money than ever before, it’s likely her mother will never have to worry about bankruptcy or money problems ever again. She’s already signed many million-dollar deals. So let’s talk about that!