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.