Lil Kim has filed for Chapter 13 bankruptcy. She owes her creditors over $4 million, and she’s even offering to sell off her mansion in New Jersey to ease her financial pain.
The Blast obtained court documents in which the rapper lists her financial details. According to the docs, she has about $2,573,300 in assets, but she has $4,084,841 in liabilities. In back taxes alone, she owes 1,845,451.
Among her major assets listed is her home, which she values at $2.3 million, a 2000 Mercedes Benz worth $4,200 and a 2005 Bentley Continental GT valued at $52,600. Her jewelry, apparel, electronics and furniture ring in at $60,000. She also says her three entertainment companies are worth in excess of $150,000, The Blast said.