Lil Kim files for bankruptcy

Lil Kim filed for bankruptcy last month in New Jersey saying she’s $4 million in the hole.

According to legal docs, Kim owes $2 million on a loan for her NJ home and $1,845,451.74 in unpaid taxes, as well as $186k for legal bills.

She’s offered to pay $5,500 a month to a creditor to sort it all out. There is a hearing scheduled for July.

She’s reportedly working on a new album, so if it drops in 2018 it could potentially help dig her out of debt too.

TMZ

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