If hadn’t already figured out from Ryan Lochte’s parents house going into foreclosure it is very difficult for Olympians parents financially.
For the years before the Olympics and there is little to no money for them. They are paying everything out of pocket. So something like this shouldn’t be surprising.
Just a few months before Gabby Douglas won her gold medal — and opened the door to countless opportunities that will undoubtedly score her millions of dollars -– her mother filed for bankruptcy … TMZ has learned
According to documents filed earlier this year in Virginia, Natalie Hawkins filed for Chapter 13 … which is far less severe than Chapter 7. The docs state Hawkins has assets totalling $163,706.10 and debt totaling $79,754.14.
So, besides the pressure of only being 16 and competing against the world’s best with the entire world watching, Gabby Douglas was always competing to help her family live comfortably for the rest of their lives.
Did I mention she is only 16?
Great job Gabby, don’t think you and your mom will have to worry about money for a long time.