SANTA ANA, Calif. -- "Octomom" Nadya Suleman filed for bankruptcy Monday, saying in a court filing that she has as much as $1 million in debt.

"I have had to make some very difficult decisions this year, and filing Chapter 7 was one of them," Suleman said.

The La Habra mother of 14 reports up to $50,000 in assets in federal court filings, which means she owes more than 20 times her net worth.

Suleman is filing Chapter 7 bankruptcy, which means a court-appointed trustee would liquidate her assets to pay off creditors before she is discharged from most of her debts.

Among others, Suleman owes money to her father, the city's water department, DirecTV and Whittier Christian School, where at least some of her children are students.

Suleman also owes more than $30,000 in rent payments on her four-bedroom house.

The home's owner, Amer Haddadin, says his own credit has suffered as he allowed the home to go into foreclosure proceedings by not making the mortgage payments.

A foreclosure auction that was scheduled for Monday has been postponed for a week.

Suleman was in financial dire straits before the January 2009 birth of her octuplets brought her notoriety.

In 2009, Suleman declined a million-dollar offer to appear in pornography -- but now she's changed her mind.

TMZ reported that Suleman signed up to make a solo masturbation video for an adult entertainment company.

Suleman reportedly "doesn't consider a masturbation video porn, because it's a solo mission."

She has vowed in the past never to get into pornography, but she has made $10,000 for posing topless.

All Suleman's children were conceived through in vitro fertility treatments. Her octuplets are the world's longest-surviving set.