Publisher Theme
Art is not a luxury, but a necessity.

Lil Kim Files For Chapter 13 Bankruptcy Protection

Lil Kim has filed for Chapter 13 protection in New Jersey last month claiming she’s $4 million deep in debt. Get the scoop.

Lil Kim Files For Chapter 13 Bankruptcy Protection

It’s hard out here for a pimp…when she’s tryna get this money for the rent…

Lil Kim has filed for Chapter 13 protection in New Jersey last month claiming she’s $4 million deep in debt.

The filing came after a bank foreclosed on the Hip Hop icon’s Alpine mansion. On top of that, Uncle Sam is pressing her for $1.8 million in unpaid taxes.

[Read Also: Lil Kim’s New Jersey Mansion Is Up For Auction With A Starting Bid Of $100]

Via NY Daily News:

The Grammy winner and former girlfriend of Notorious B.I.G. says her assets include a 2000 Mercedes worth $4,200, a 2005 Bentley worth $52,600 and jewelry worth $25,000.

Jones lists her cash on hand as $2,500.

According to the filings, Jones spends $2,200 a month on wardrobe, $10,410 a month on travel and entertainment, and $2,317 on staff.

Beyond her IRS tax bill, she also owes $376,346 in New Jersey state taxes, her court paperwork states.

Lil Kim has proposed a plan to chop down the debt by offering to pay $5,500/mo to creditors to get back on track.

She’s due back in bankruptcy court in July.

I hope they are willing to work with her.

Photos: Lil Kim IG

Subscribe to our ICC daily newsletter.
Sign up here to get the latest scoop, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.