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Lil Kim has reportedly filed for bankruptcy, according to TMZ. Their report claims that she filed for it last month in New Jersey and revealed that she’s currently $4 million in debt. In the legal documents, the $4 million dollar date is from $2 million she owes for the loan on her mansion. She also owes $1,845,451.74 back in taxes as well as an additional $186K for legal bills.
Her largest creditors include $2 million owed to a loan company relating to 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.

Kim’s says her company, Queen Bee Entertainment, pulled in $361k last year. She estimates the company’s monthly income is $43k and expenses around $25k, leaving her with a profit of around $18k. Through her business, she spends $2,200 on her wardrobe and $10k on travel/entertainment.

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