Lil Kim reportedly filed for Chapter 13 bankruptcy last month after incurring over $4 million of debt.
According to legal documents obtained by The Blast, the Hip Hop vet has assets totaling $2,573,300 and liabilities in the amount of $4,084,841.60. She also owes $1,845,451 in back taxes.
Kim brings in just over $18,000 a month, with $12,784 in monthly expenses, per a report from celebrity website, The Blast. She also offered to settle the debt by selling her home, or adjusting her mortgage payments, according to the site.
Kim’s hearing is set for next month.
In terms of music, Kim dropped a solo track “Took Us A Break” and teamed up with Remy Ma for “Wake Me Up” last November.
On Friday (June 8), she teased a new video for the Fabolous-assisted joint 3on Friday (June 8).