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.
Although Kim reportedly pulls in $18,286 a month, her bills run her $12,794 a month, leaving her with roughly $5,000 per month. The docs revealed Kim has made $90,678 in income so far this year, $398,000 in 2017 and $823,659 in 2016.
Queen Bee’s largest debuts include $2 million owed on her New Jersey home, $1,469,105 in unpaid federal taxes from 2004-2017, $376,346.74 owed to the New Jersey Division of Taxation for unpaid taxes from 2004-2017 and $186,000 in unpaid legal bills.
The “Crush On You” rapper offered to pay her creditors $5,500 every month for the next five years and said she’d sell her New Jersey home to repay her debts. But The Blast says that offer was already denied.
Kim’s hearing is set for next month. [apple_news_ad type=”any”]
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).
She’s pretty damn stupid.
A lot of these black celebrities are getting exposed. Puffy had to give up trying to own that football team because he couldn’t afford it, Jay-Z is hiding from the judge to avoid revealing his fire sale rocawear deal, 50 Cent went bankrupt and had his low assets exposed, Oprah had to sell her majority stake in OWN, TI owes millions in taxes, and now Lil Kim is bankrupt and will probably die in debt. I can go on and on with these people…Forbes is full of shit and people are dumb for believing these people have it like that.
Black celebrities huh. Your racism shows even when trying to make an objective statement. Poor you.
Exactly. They are doing what white people do all the time. Rack up debt, screw ur creditors and start over. I guess when they do it we label it “business savvy”
I am black myself… Just saying that black celebrities are misleading people into thinking they’re balling, and it’s very dangerous. It leads white people to believe we’re treated as equals in American society, and it leads black people to believe they can reach these heights that these celebrities themselves aren’t reaching. Racism and oppression is real…Stop buying into these weirdos escapist fantasizes. Black people looking up to black celebrities is a lot like women looking up to airbrushed models on fashion magazines….lol This shit is all a facade.
Ignorance knows no color, as evidenced by your comment.
Return those implants
Just fucking dumb you want to buy all these damn shoes n purses and live a life like your income exceeds your expenses smh ???
lol she’s the female Curtis Jackson.. broke ass washed up has been
Somebody tell the bish to take off that creepy ass face mask. Halloween is months away.
It’s sad what she did to herself. Definitely self-image issues, too bad she didn’t get mental help instead of fucking up her face. She looked so hot before.
lil kim art to be broke, she haven’t put out any real work in a minute
Queen Bee’s largest debuts include $2 million owed on her New Jersey home…
I’m surprised it didnt read “Kween bease lahrgest debuts incluwde too millyon ohn hur Knew Jhurzee Whome…
I am surprised some of these current/former entertainers still be struggling after watching others bankrupt over the years. Live modestly and invest your money and you’ll be okay…
Where are these documents all the blogs claim to have?
All of Diddy’s artist are broke or go broke.
She wasnt one of diddy’s artists though
She was a member of the original bad boy.
No she was an affiliate never signed to bad boy only biggie was
She spent too much money ****ing up her face. God damm shes hard looking now
Lil Kim time is up in the rap game and like majority of entertainers its the same story at the end broke nothing new here
U suck for airing out her personal info like that. That’s so private and personal. It’s a big struggle she’s going through right now. If non of you gonna contribute towards her bills keep your negative comments to your self. Respect her privacy at this moment.
Why respect her privacy? All these stars are everyday on the internet talking about their lives. especially rappers who talk trash everyday about other peoples lives.
Struggle? lol How about all the people she owe money too? She been rich since the 90’s..far from struggling smh
not paying taxes for 13 years is incredible haha