Things aren’t looking good for Abby Lee Miller.

The Dance Moms star pleaded guilty on Monday to concealing bankruptcy assets, as well as one count of failing to report an international monetary transaction.

RELATED: ‘Dance Moms’ Abby Lee Miller Defends Herself — Insists She’s Not A Bully

abby lee miller

(Photo Credit: Getty Images)

The star faces up to $5 million in fines as well as a five-year prison term if convicted, but her lawyers have been working to negotiate a plea deal. She is to be sentenced on Oct. 11 and her lawyers are asking for a six-month prison sentence. Her lawyers have also assured fans that she’s taking both the allegations and proceedings very seriously, and she appreciates the support and kind wishes from the public.

The reality star addressed her guilty plea with a statement on Monday, saying, “Events over the past several months have been extremely challenging for me, my family, my friends and most important, my students. Because of this I made the very difficult decision to close the door on this chapter of my life by accepting responsibility for mistakes I have made along the way.”

** Watch the video below about what Abby has to say about the news.**

For access to all our exclusive celebrity videos and interviews – Subscribe on YouTube!