Last year news leaked that rapper Lil Kim's house was headed to the foreclosure auction [click here if you missed that].
Now there's more bad news...
According to reports Lil Kim filed for bankruptcy in New Jersey last month.
Apparently the pint size rapper owes $2 million on a loan for her NJ mansion, $1.8 million in back taxes and $186k in legal bills.
Kim has offered to pay $5,500 a month to settle part of the debt.
12 comments:
Where the money?....
Plastic surgery must have set her back millions. Poor budgeting. Low self esteem. Bad combo.
Summer is here, she needs to get on the quickest plane to Dubai ans get invited to those yacht parties.
she needs to go back to what she's used to brooklyn,,,,fronting out here
She brought a child in the middle of this shit too!!
She can always go to Brownsville. Be fabulous, Kim, live larger than life in East NY.
-Anon
Just like in everyday life, she bout 40 42...its around the time the real deal hit people out here. All the flashy shit on social media aint shit if the bills aint bening paid and time ALWAYS tells. Especially if you a celebrity trying to project a million dollar life style when the income is only 5 to 6 figures. No new msuc selling, tours not happening like they used to, and your only income is appearance fees and royalties for past material...better slow the fuck down
I feel a lot of pain for my sister Kim. Don't let them get you down! We for you. We going to help you out, you are our 5 mics queen! Just keep making those albums. You WILL bounce back from your financial problems. Believe that. Ain't nobody better than you. Maybe you should get a feature on Tyrese's next album. Awards promised. Peace queen.
Somebody said she is debt for four million dollars! How many successful tours would she have to go on to pay that off if its true.
Shit happens...hopefully she gets it together
12:39pm..Broke people like y'all have babies everyday...foh.
^Kim stop frontin like you got it like that. You spend money on things outside your budget from those club appearances and,if lucky, royalties. Just stop. Go get yourself a REAL Job and take cate of your responsibilities. Your bbd was already blasting you for being lazy.Move!! for your daughter's sake.
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