Lil Kim has reportedly filed for bankruptcy in New Jersey. According to sources, it happened last month when she claimed she’s in debt $4 million.
TMZ says the legal docs show Kim owes $2 million on a loan for NJ crib and a little more than $1.8 million in unpaid taxes. She’s also looking at a hefty legal bill of $186,000.
There is a hearing scheduled for July and in the meantime, she’s offered to pay $5,500 a month to a creditor to sort it all out.
But it sounds like Kim has plans to get her money up. The Queen Bee is supposedly working on a new album, which could potentially help with her debt.