Rapper Lil Kim files for bankruptcy as money woes continue

Lil Kim (PHOTO: Gallo images/ Getty images)
Lil Kim (PHOTO: Gallo images/ Getty images)

Cape Town - US rapper, Lil Kim is allegedly in major debt and has filed for bankruptcy.

According to The Blast, the Lighters Up hit-maker owes her creditors a whopping $4 million (around R52 440 000) and is planning to sell her New Jersey home to pay off the debt.

The site, which is in possession of legal documents, has also revealed that the rapper applied for bankruptcy in May, which was rejected by the trustee.

Reports by multiple sources claim that the 43-year-old offered to pay $5,500 (about R72 050) to her creditors for the next 60 months as she reportedly has an income of $18,286 (about R239 310) each month, before her expenses.

With rumours of a new album and a possible world tour in 2019 circulating, we sure hope that this will help the rapper settle her difficult financial position.