The Queen Bee Lil’ Kim Files For Bankruptcy and Claps Back at her Critics!
It may NOT be all about the Benjamins for Lil’ Kim.
The rap superstar filed for bankruptcy in New Jersey last month, according to TMZ. She claims she’s $4 million in debt.
According to court documents, Kim owes $2 million on a loan for her New Jersey home and $1,845,451.74 in unpaid taxes, in addition to $186,000 for legal fees.
She wants to settle the case and has offered to pay $5,500 a month to a creditor. A hearing is scheduled for July.
Kim has been working on a new album, her first since 2005’s The Naked Truth, set for release on Entertainment One/Queen Bee Entertainment. In March, she dropped her latest single “Spicy” featuring Fabolous, for which a video is due soon.
While Lil Kim and her child’s father Mr. Papers celebrated their adorable daughter Royal Reign’s birthday. Lil Kim has this to say.
“I’ve got something for all ya’ll. I can’t wait! When you’re God’s child. You can’t be touched boo! Ya’ll can get all the the voodoo dolls you want. It ain’t going to happen. What’s up we chilling at the Sugar Factory.”
Kim joins other hip-hop stars who have filed for bankruptcy including DMX, Ms. Lauryn Hill, and her “Magic Stick” collaborator 50 Cent.