Lil Kim Files For Bankruptcy After Claiming She's $4M In Debt: Report

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Lil' Kim performs onstage during VH1 Hip Hop Honors: The 90s Game Changers at Paramount Studios on September 17, 2017 in Los Angeles, California.
Things aren't looking good for Lil Kim, according to reports.

Lil Kim has been grinding hard on her comeback, although it hasn't been as monumental as one would expect. She's delivered a handful of singles over the past year including "Spicy" with Fabolous. However, she's also been dealing with some financial issues over the past years. In 2016, her $3 million dollar mansion was on the verge of foreclosure and earlier this year, her home was up for auction with the opening bid starting at $100. Unfortunately, each penny might be worth something to Lil Kim as she's reportedly filed for bankruptcy.

Lil Kim has reportedly filed for bankruptcy, according to TMZ. Their report claims that she filed for it last month in New Jersey and revealed that she's currently $4 million in debt. In the legal documents, the $4 million dollar date is from $2 million she owes for the loan on her mansion. She also owes $1,845,451.74 back in taxes as well as an additional $186K for legal bills. 

Since then, she's offered to up $5500 every month to a creditor in order to figure everything out. Her hearing is slated for July.

At this point, she's working on a new album which is expected to drop sometime int he future. If it ends up being released this year, there's a good chance that could contribute to getting her out of debt. Hopefully, she figures some way around this.


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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