Lil Kim Files For Bankruptcy

Lil Kim filed for bankruptcy last month in New Jersey, TMZ reports she's $4 million in the hole. 

According to legal documents, the rap superstar owes $2 million on a loan for  her New Jersey home and $1,845,451.74 in unpaid taxes, as well as $186k for legal bills. 

Kim who is reportedly working on a new album claims she has a total of $2,573,300 in assets and earns about $18,286 in monthly income. She has offered to pay $5,500 a month to a creditor to help her sort it all out, and has also proposed to  sell her NJ home to help with her debts.

 Her first court hearing is scheduled for July.