Lil Kim reportedly filed for bankruptcy citing millions in outstanding debts. Kim allegedly filed last month, but details had not surfaced until now.
According to TMZ, Kim is $4 million in debt, having already offered to settle with a $5,500 monthly payment plan. This all comes from a $2.5 million loan for her New Jersey home, $1,845,451 million in unpaid taxes, and $186,000 in legal bills.
It is reported that Kim brings in just over $18,000 a month.
The bankruptcy documents reportedly indicate that Kim is also the sole financial provider for her 3-year-old daughter, Royal Reign.
Throughout her career, Kim has sold over 15 million albums and 30 million singles worldwide.