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Source: HOLLYWOOD, CA – SEPTEMBER 17: Lil Kim arrives for VH1’s Hip Hop Honors: The 90’s Game Changers at Paramount Studios on September 17, 2017 in Hollywood, California. (Photo by Greg Doherty/Getty Images) 

The Queen Bee is in a financial quagmire. Lil’ Kim has filed for bankruptcy, citing debt totaling over $4M. 

According to TMZ, Kim owes $2 million for a loan on her New Jersey home as well as $1,845,451.74 in unpaid taxes. She is also in for $186K in legal bills.

You may recall that Lil’ Kim’s Alpine, NJ mansion was going up for auction. The bank had seized the property.

Kim has reportedly offered to drop $5,500 a month to a creditor to work things out, but a bankruptcy hearing is scheduled for July.

It’s a safe bet that fans can expect a new album and tour so Kim can get some income flowing.

Photo: Getty

Lil’ Kim Files For Bankruptcy, Over $4M In The Red was originally published on hiphopwired.com

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