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Lil’ Kim Files for Bankruptcy

According to legal documents obtained by The Blast, the rapper Lil Kim filed for chapter 13 bankruptcy last month and has accumulated more than $4 million in debt. Kim reportedly owes about $2 million on a loan for her home in New Jersey, $186,000 for legal fees, as well as $1,845,451 in back taxes ($1,469,105 in unpaid federal taxes from 2004-2017, and $376,346.74 in unpaid state taxes from 2004-2017).

There is a hearing scheduled for July and in the meantime, she’s offered to pay $5,500 a month to a creditor to sort it all out.
But it sounds like Kim has plans to get her money up. The Queen Bee is supposedly working on a new album, which could potentially help with her debt.

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