Lil Kim Files for Bankruptcy, Has $4 Million in Debt [Video]

Lil Kim owes some people some money.

The rapper filed for bankruptcy last month in New Jersey, claiming she has $4 million in debt.

via TMZ:

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.

In more positive Lil Kim news, it looks like she’s getting ready to drop new music!

??? #spicy #lilkim #fabolous #deontaywilder #queenbee #beehive

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