Lil' Kim

Lil’ Kim Files for Bankruptcy

It’s 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.

Kim joins other hip-hop stars who have filed for bankruptcy including DMX, Ms. Lauryn Hill, and her “Magic Stick” collaborator 50 Cent.