Have you heard the news on Lil Kim? Several media outlets are reporting that the “Queen Bee” has filed Chapter 13 Bankruptcy. Sources say, the Hip Hop Icon owes more than $4 million to creditors including $1.8 million in back taxes. It is being reported, Lil Kim pulls approximately $19k a month and her monthly bills are almost $13k.
Sources say, she offered to pay her creditors approximately $5500 a month for 5 years and to sell her New Jersey home worth $2 million to pay her debt. That offered was denied. Lil Kim is due in court in July.