The mother of 14 has filed for Chapter 7 bankruptcy protection, listing only $50,000 in assets against up to $1 million in debts, according to papers filed April 27.
"I have had to make some very difficult decisions the year and filing Chapter 7 was one of them," she told E! News. "But I have to do what is best for my children and I need a fresh start."
Suleman recently posed nude in UK magazine for $8,000, and she explained to Anderson Cooper, "I have to do what I have to do to take care of my family."
Nadya "Octomom" Suleman just can’t keep up with her finances.