Mother of Pint-Sized Gymnast Had Olympic-Sized Debt

As we mentioned in our last blog post on Monday, the financial woes of Russell Brand's father, Ron, were just one story published on August 7, 2012, discussing the relative of a celebrity facing bankruptcy. As the CBS News clip above touches on, gold medal-winning Olympic gymnast Gabby Douglas's mother, Natalie Hawkins, filed for bankruptcy earlier this year in Virginia. This news was also reported the same week that the parents of fellow US Olympian gold medal-winning swimmer Ryan Lochte were facing foreclosure in Florida.

"It was really hard for us growing up - my dad had left us, so he wasn't really in the picture anymore," Douglas told the New York Post. "So my mom had to front all these bills. My dad didn't really pay the child support. He was short [on money]. It was definitely hard on her part, and she had to take care of me and the rest of my siblings."

The Post also noted that Douglas has landed a $100,000 deal to appear on a box of Kellogg's Corn Flakes, one of what is likely to be multiple endorsement opportunities for her and other Olympic athletes. Many people in situations similar to Natalie Hawkins' in the sense of trying to raise a family as a single parent, however, will not be so lucky.

If you are raising a family by yourself and have become overwhelmed with credit card debt or are facing foreclosure, a Chapter 7 or Chapter 13 bankruptcy could provide you with the fresh start you need. To see how our firm might be able to help, you can contact us at (866) 930-7482 or complete the form located on this page to have our Chicago bankruptcy attorneys review your case.

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