They say more money more problems and it came to be true for Lil Kim, The rapper filed for bankruptcy and she is $4 million in debt. According to legal docs Kim filed for bankruptcy in New Jersy owing $2 million on a loan for her NJ house and $1,845,451.74 in unpaid taxes and $186k in legal bills.
A hearing is scheduled in July to deal with the creditors that she owe money, Kim offered to make payments of $5,500 a month to pay her debt off. With her new Album dropping soon maybe she can pay her debt off sooner.