Lil Kim reportedly filed for bankruptcy last month in New Jersey, claiming she’s $4 million in debt.
Reports heard are that the “Big Momma Thing” rapper owes $2 million on a loan for her NJ home, $1,845,451.74 in unpaid taxes, as well as $186k for legal bills.
She allegedly offered to pay $5,500 a month to a creditor so she can straighten her financial situation out. The hearing is scheduled for July.
In other Lil Kim related news, the Queen Bee is working on a new album. There’s no word when it will be released, but if it’s set for a 2018 release, that will help with her debt.