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. 

Lil Kim Files For Bankruptcy Lil Kim Files For Bankruptcy Reviewed by King Nel on 7:25:00 PM Rating: 5
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