Kimberly Denise Jones, more commonly known as Lil' Kim, has filed for bankruptcy due to her mounting debts, overdue mortgage payments and unpaid taxes.
Following the foreclosure of her $4 million mansion in New Jersey she filed for Chapter 13 Protection, which means she is able to make a plan to repay part or all of her debts.
The Brooklyn rapper's income has dropped steadily over the past few years; in 2016 she was said to have made more than $1 million, but last year her annual income was only just over $400,000.
- 50 Cent's cruel message to dying rap rival Rick Ross
- Nicki Minaj and Eminem - rap's newest couple?
- Rapper JessB's music inspired by being a woman of colour in NZ
Lil' Kim hasn't released an album in 13 years but told Billboard in March she was set to drop a new album later this year following her new single, 'Spicy', with rapper Fabolous.
The former girlfriend of Notorious B.I.G. lists her cash on hand as only $3500 but has plenty of assets, including a 2005 Bentley worth $73,000 and jewellery worth $35,000.
Lil' Kim is a Grammy winner and has sold more than 15 million albums worldwide. She is also an advocate for the LGBTQI community, participating in pride festivals and raising money for the Mac AIDS fund.
Newshub.
