Nadya Suleman, known to most as Octomom after giving birth to octuplets, has $1 million in debts (and $50,000 in assets) and has filed for Chapter 7 bankruptcy protection.

'I have had to make some very difficult decisions this year and filing Chapter 7 was one of them,' she tells E! News. 'But I have to do what is best for my children (there are 14 of them), and I need a fresh start.'

Listed among those she owes are the California DMV, a Christian school, every utility you can think of, DirecTV and a gym, which she owes $500.

Among those difficult decisions she has made would be undressing for a spread in U.K.'s Closer magazine for somewhere between $8,000 and $10,000.

'I have to do what I have to do to take care of my family,' she told Anderson Cooper.
That apparently includes a deal with an adult entertainment company to shoot a video this summer, which a source told TMZ.com is for 'a lot more than the $10,000 she made for posing topless.'

Nadya Suleman to do porn video, files for Chapter 7 bankruptcy.