Octomom was pretty vague about her financial plans for the future when the ladies on The View questioned her repeatedly about it. When she wasn’t cackling maniacally she was using psychobabble to justify her insane lifestyle, claiming she was in “denial” and thought she was just going to have one more baby this last time and “I could earn enough money as a counselor to take care of them [all seven, if it was just one more].”

TMZ reports that, just like the last home Suleman shared with her parents, her latest home could be foreclosed. She’s behind on her mortgage payments and failed to make an agreed-on $450,000 balloon payment. From what I understand, balloon payments are negotiated in order to secure lower monthly mortgage payments. Some homeowners have been scammed by fine print balloon payment terms in contracts. In this case, given Suleman’s history of bankruptcy and lying and scamming, we can probably assume she knew about it and failed to make the payment.

Octomom Nadya Suleman and her 14 kids may become homeless … because she’s fallen behind on mortgage payments to the tune of more than $450,000 … this according to the person who holds the note on the property.

Octomom bought the La Habra, CA house in March, 2009. The seller, Amer Haddadin, transferred title to Octo’s dad. In return, Octo and her dad were required to make monthly payments of $4,139 for one year. On March 10, 2010, a balloon payment of $450,000 was due.

A rep for Amer tells TMZ Octo hasn’t paid the $450,000. And, he says, she didn’t make the last $4,139 payment. He also says, she’s been late on three other recent monthly payments. Amer says he “tried to handle this in a gentlemanly way” but unfortunately it’s come to this.

Amer’s rep says he intends to initiate foreclosure proceedings against Octomom.

[From TMZ]

I feel sorry for this woman’s 14 kids, but they’re already majorly screwed with that whack job as their primary caretaker. Hopefully she’ll keep some of the nannies around for continuity. Hey, if Octomom needs some cash I’m sure Vivid would make good on their promise to pay her a million bucks to shoot an adult film. It would pay for the home and give her enough left over to keep her staff - if she doesn’t blow it all within a couple of months. Barring that, she can always go back to stripping.

Last year, the National Enquirer reported that former child actor and “Eight is Enough” star Willie Aames, now 49, was in danger of losing his home after filing for bankruptcy, having his car repossessed, and relying on unemployment and occasional day labor jobs to get by. At that time, Willie was still with his wife of over 20 years, Maylo, who suffers from the auto-immune disease Lupus. Maylo’s mounting medical bills, coupled with a $150,000 lost investment into an adventure show, sunk the family deep into debt. Aames held a garage sale earlier this year to raise money to get his house out of foreclosure, but without work he wasn’t able to save the home. His wife eventually left him, and he became homeless.

In a VH1 special to air Thursday night, Aames reveals that he had to sleep in garages and in the park occasionally when friends would not take him in. He’s since turned his life around and has been able to make ends meet with construction work. Aames, who squandered the millions he earned on “Eight is Enough” and “Charles in Charge,” is also studying to be a financial advisor:

Aames opens up about experiencing financial ruin after a successful career as an actor, “At the very peak [of "Eight Is Enough"] I was making a little over a million dollars a year,” he says. “Then suddenly there was no job, no bank account, no wife, no child. I never dreamt it could happen that fast. I found myself virtually homeless. I stayed with friends when I could, slept in parking garages or slept in the park. It was shameful. I remember laying underneath the bushes thinking, ‘Is this how it turns out? Is this how my life really turns out?’”

When asked about reports of a suicide attempt after his wife left with their young daughter, Aames says, “I gave people a lot of cause for concern and I think they acted on those concerns. I’m glad they did. Beyond that, that time period is a blur.”

Aames’s struggles have led to the new VH1 special, “Broke and Famous: Willie Aames,” airing Thursday night. “It’s a docu-drama on what happens to celebrities when they hit rock bottom,” he says. “You have to find some point that will give you the smallest amount of dignity and self respect back.”

Aames tells ET that throughout the years of trying to get back on his feet, he was turned down for several jobs, including wilderness guide, but was finally hired by a construction company.

Today Aames is reunited with his daughter and on his way to becoming a financial advisor. “I never dreamed I would want to be or become a financial advisor,” he reveals. “I am well on my way.”

[Press statement from Entertainment Tonight via The Huffington Post]

In our story last year about Aames’ financial trouble, a lot of you said that you saw him on Celebrity Fit Club and that he was a royal ass. He’s supposedly a born-again Christian, so he really has no excuse. He seems to have a lot of demons, and detailed his drug addiction and childhood sexual abuse in a 2007 book with his wife called Grace is Enough. It wasn’t enough to save his home, but it looks like he’s back on his feet now and is able to talk about what he went through.

1990 photo. Credit: WENN.com

It really seems like Joe Jackson is not broken up about his son Michael’s death in the slightest. Joe went to the BET Awards a few days after Micheal’s sudden death and first told a reporter from CNN that he was doing “great” with no hint of sadness in his voice. Then when the interviewer prompted him by saying “It must be tough,” he agreed saying “Yeah, it has. It’s been really tough, remember we just lost the biggest star in the world, the biggest superstar.” There was no mention of the fact that he lost his son, only that “we” lost “the biggest star.” It’s like his son was just another famous musician to him and there was no personal attachment there. Joe also famously plugged his new record company in the interview.

In a press conference held on Monday, Joe first talked about his record company again, getting in a good sound bite in while sort-of defending mentioning it, claiming that he was asked what he was up to which wasn’t true at all, as Kaiser mentioned. He then said how grateful he was that “we” [the family] have so many fans all the world and “we” are loved around the world. He again only talked about his son’s fame and his charity work and didn’t mention that he meant anything to him at all. It was all about his son’s enormous popularity, not how he was missing his Michael or how he cherished him at all.

Along with having no apparent emotional attachment to his son, Joe may have another reason for seeming perfectly ok with the fact that Michael passed well before his time. Joe and Katherine Jackson filed for bankruptcy in 1999 and were still dealing with lawsuits from creditors as late as last year:

Michael Jackson’s parents have just recently come through their extremely complex and much-challenged bankruptcy proceeding. The couple filed for Chapter 7 Bankruptcy on March 1, 1999, and although their debts were “discharged” on June 13, 2000, there were so many adversarial motions from creditors, there were still filings coming in as of May 22, 2008, according to court documents obtained by RadarOnline.com.

In their initial petition, the Jacksons listed their assets in the $100,000 - $500,000 range and their estimated debts in the $10 - $50 million range.

Among the debts: $34,91602 was owed on a 1994 Mercedes Benz, $60,130.94 on a 1998 Land Rover, and $36,368.29 on a Land Rover Discovery. $32,561.06 was owed on personal income taxes to the State of California, and they were in to the IRS for $117,871.76. They owed $18 million on one lawsuit judgment and $4 million on another. They owned legal fees to several attorneys including Brian Oxman, who still works with them.

One interesting side note: the couple claimed “month to month tenancy only” on their residence in Encino, CA which they point out is owned by their son.

[From Radar Online]

Michael’s estate is estimated to be worth $200 to $500 million after the debts are paid, and you can bet that Joe is salivating at the thought of having access to that money. Jackson’s 2002 will supposedly doesn’t mention Joe at all, and leaves his estate to his mother and his children. Despite speculation that they’ve split up, Joe and Katherine still seem to be together. Given what poor money managers they are, you can bet that they’ll be squandering that money away as soon as they get their hands on it.

Eight is Enough and Charles in Charge star Willie Aames, now 48, was a millionaire when he was in his 20s and partied at the Playboy mansion. He’s now struggling to make ends meet in his post-fame life in Kansas. He’s on unemployment, and takes day labor construction jobs when they’re available. Aames is married with an 18 year-old daughter, and the former child actor is now so broke he couldn’t even afford to buy his daughter a dress for the prom. A lot of his money troubles stem from a project he invested $150,000 in last year that fell through. His wife suffers from the auto-immune disease lupus, and her high medical bills and the cost of medication also contributed to the family’s debt. Like a lot of people struggling in today’s economy, Aames filed for bankruptcy, had his car repossessed and may lose his home.

Willie Aames… is now virtually penniless. He’s had his jeep repossessed, stands to lose his home and has filed for bankruptcy…

Willie is so down on his luck, he couldn’t even afford a present for his daughter Harleigh’s 18th birthday, he told The Enquirer in an exclusive interview.

“What’s worse is that she had to buy her own prom dress last year,” said Willie. “That killed me!”

Willie says the past 2 1/2 years have been “absolute hell” for him and his family. “There were times when we had so little money that we actually had to make a choice between groceries or medication for my wife Maylo, who has lupus.”

Willie took a big financial gamble by investing in a Canadian adventure and hunting TV show called “MacMillan River Adventures” on the Outdoor Channel last year, sinking $150,000 into the project. He lost every penny.

Willie, who played Tommy Bradford on “Eight is Enough,” then took out a second mortgage on his home but quickly fell behind on the payments. He said he was unemployed until his recent gig on “Celebrity Fit Club.” But he only earned $14,000 for his role.

So, the actor says he’s been taking day labor jobs to put food on the table.

“I’ve never shied away from an honest day’s work,” he maintained.

Willie did everything from hanging drywall, sanding ceilings and digging sump pumps.

“It wasn’t much money, but it’s what I had to do to feed my family,” he said.

[From The National Enquirer, print edition, August 18, 2008]

Aames says that Scott Baio was “set for life” after their show Charles in Charge wrapped, but that his money quickly dwindled down to nothing. He also was addicted to drugs and alcohol for 15 years, the Enquirer reports, and then got sober, became a born-again Christian and met his wife. Aames starred in the Bibleman videos as a Christian superhero from 1995 to 2004. He lost 19 pounds on Celebrity Fit Club in 2005, but has since gained the weight back. He lost the weight again on Celebrity Fit Club 6: Boot Camp earlier this year, where he won the individual prize.

About 1/2 of US bankruptcies are at least partially due to medical expenses, and the fact that Aames wife is probably too ill to work has surely affected his family’s finances. It’s a shame his adventure show didn’t work out, and it speaks to his character that he’s willing to do construction work and whatever it takes to help his family. I didn’t seem Aames on either Celebrity Fit Club, but Wikipedia makes it souund like he was particularly surly on the 2005 show and says he had a big fight with the trainer. Have any of you seen it and what impression did you get of Aames?

Aames told The Enquirer that his dream job is to work as a producer for Oprah. She might be interested in his story at least.

I hope things pick up for him and his family, and for a lot of Americans who have to make the difficult choice between food or medication, especially seniors.

Willie Aames is shown below in a still from Celebrity Fit Club 6: Boot Camp. Credit: tv.yahoo.com He is shown above with his wife in a promotional image for their joint book Grace is Enough which was published in late 2007 and details their separate lives struggling with childhood sexual abuse and drug addiction before they found each other and their faith.

As if the industry wasn’t hard hit enough from the writer’s strike, one of the largest Hollywood payroll companies just declared bankruptcy yesterday after shutting their offices on Monday and telling all their employees to pack up and leave. Axium handled payroll services for the Directors Guild of America and studios such as Warner Brothers. They had over $100,000 in assets from the Director’s Guild according to Defamer, and a commentor on Defamer says it’s likely they required a month’s worth of payroll ahead of time from production companies. That means that many entertainment workers could be stiffed out of their pay at a very difficult time. All of Axium’s assets have been frozen:

Axium Intl., the entertainment industry’s third-largest provider of payroll and accounting services, has closed unexpectedly and filed for Chapter 7 bankruptcy.

Axium shuttered operations Tuesday, a day after its lenders froze the company’s bank accounts. Immediate impact was unclear, but some of the frozen funds included paychecks for film projects.

Director Charlie Matthau told Daily Variety that much of the money he was owed on the recently completed indie drama “Baby O” was frozen Tuesday.

“I was supposed to go pick up a $75,000 check from the DGA, until they told me there was this problem, that Axium had gone out of business and all the accounts were frozen, ” said the helmer, son of the late Walter Matthau. “I feel totally violated, and I’m hoping that the Guild will be able to help me.”

Matthau said Axium notified him recently that the money had been wired into his account.

“In fact, they’d done no such thing, and they were hiding this 400-pound gorilla of bankruptcy,” he added. “Because of that memo, I hope that the City Attorney or District Attorney looks into this. It has affected me and likely a whole lot of other people.”

A Chapter 7 bankruptcy filing is designed to govern the liquidation of company assets. Axium reps were not available for comment Tuesday, and the headquarters offices on Wilshire Boulevard were shuttered.

Axium president Ruben Rodriguez had left the firm. Axium employees were told Monday not to come to work until further notice, and if in contact with their clients, to tell them that Axium could no longer process their business.

[From Variety.com]

Another commentor on Defamer notes that she hasn’t been paid by Axium at her entertainment-related job since December 14th. LAist says that there are a lot of unanswered questions in this case and that many people are worried where their next paycheck will come from, if Axium correctly gave their withholdings to the IRS, and how they will handle taxes this year. This affects all people with paychecks issued from Axium and Avalon.

It is thought that Axium went bankrupt due to greedy executives, similar to the Enron scandal. They have filed Chapter 7, not Chapter 11, which means that Axium employees won’t receive whatever pay was owed to them.

People are saying this is somehow due to the writer’s strike, but it sounds more to me like this company didn’t manage their assets and that someone was cooking the books. Axium’s website, which features a huge globe and a spinning glowing X, is still available, but their offices are shut and not taking calls.