American rapper, Kimberly Denise Jones, popular known as Lil Kim, recently filed for bankruptcy in New Jersey.
She claims that she is $4 million down in debt as she owes an unpaid loan of $2 million for her home in New Jersey, $1, 845, 451 .74 in unpaid taxes and also $186k for legal bills .
According to reliable sources, she is currently working on her new album which could help to sort the debt if it drops.
She has offered to payoff her debt gradually and would be at a court hearing in July.
Lil Kim was discovered by late rapper The Notorious B.I.G in 1994. He invited her to join his rap crew called Junior M.A.F.I.A and their album together was a big hit back in the days.