Gabby Douglas Will Be Able To Save Mom From Bankruptcy
During interviews prior to her daughter’s two gold medal-winning performances, Natalie Hawkins said Gabby Douglas’ training for the Olympics was very difficult because it separated the two and caused a lot of financial stress. Less than a week later, we’ve finally learned the true implications of that financial stress.
According to TMZ, Hawkins filed for bankruptcy earlier this year thanks to almost eighty thousand dollars worth of debt. She went the chapter seven route, which meant a payment plan was enacted for her to slowly right the ship. A little over four hundred dollars has been taken out of her monthly check since February , but now, thanks to her daughter’s accomplishments, it seems like her burden might be lifted.
As the women’s all-around champion, as well as a member of the winning US squad, Douglas has become a household name, and she will no doubt be offered plenty of advertising deals over the next few years. The millions likely to come from those arrangements will allow Gabby to comfortably help her mom out, which would probably be the right decision since her mom spent so much allowing her to train.
Filing bankruptcy is never a good time, but in this case, all those maxed out credit cards were probably worth it. Our sincerest well-wishes go out to the entire family who has great reason to celebrate despite this financial mess. Here's to hoping it's not a disaster much longer.
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Mack Rawden is the Editor-In-Chief of CinemaBlend. He first started working at the publication as a writer back in 2007 and has held various jobs at the site in the time since including Managing Editor, Pop Culture Editor and Staff Writer. He now splits his time between working on CinemaBlend’s user experience, helping to plan the site’s editorial direction and writing passionate articles about niche entertainment topics he’s into. He graduated from Indiana University with a degree in English (go Hoosiers!) and has been interviewed and quoted in a variety of publications including Digiday. Enthusiastic about Clue, case-of-the-week mysteries, a great wrestling promo and cookies at Disney World. Less enthusiastic about the pricing structure of cable, loud noises and Tuesdays.
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