Nadya Suleman

Nadya "Octomom" Suleman has filed for bankruptcy, she tells E! News.

Octomom poses nude for U.K. magazine

"I have had to make some very difficult decisions this year and filing Chapter 7 was one of them," the mother of 14 said. "I have to do what is best for my children and I need a fresh start."

According to the documents filed with Los Angeles Superior Court on Monday, Suleman, 36, claims that she can no longer pay her bills, has less than $50,000 in assets, and owes between $500,000 and $1 million in liabilities. She's seeking Chapter 7 bankruptcy protection.

VIDEO: Octomom Brings Babies, Bedlam to Today

Suleman, who made headlines in 2009 after giving birth to octuplets, recently posed nude for the British magazine Closer.