Lil Kim Is Drowning In DEBT Files For Bankruptcy! | Hip Hop News

Lil Kim has reportedly filed for bankruptcy, according to TMZ. Their report claims that she filed for it last month in New Jersey and revealed that she’s currently $4 million in debt. In the legal documents, the $4 million dollar date is from $2 million she owes for the loan on her mansion. She also owes $1,845,451.74 back in taxes as well as an additional $186K for legal bills.
Her largest creditors include $2 million owed to a loan company relating to her New Jersey home, $1,469,105 in unpaid federal taxes from 2004-2017, $376,346.74 owed to the New Jersey Division of Taxation for unpaid taxes from 2004-2017, and $186,000 in unpaid legal bills.

Kim’s says her company, Queen Bee Entertainment, pulled in $361k last year. She estimates the company’s monthly income is $43k and expenses around $25k, leaving her with a profit of around $18k. Through her business, she spends $2,200 on her wardrobe and $10k on travel/entertainment.

For More Content Like This Click Here: http://bit.ly/2FUEnLI

**********************************************************************

CHECK THIS OUT!

CHARGE YOUR PHONE WITHOUT THE CORD WITH THIS WIRELESS CHARGER: http://bit.ly/QICHARGER

**********************************************************************
The Latest Hip Hop News, Viral Headlines, And Breaking stories. News Updated Daily!

**********************************************************************

SUBSCRIBE TO HIP HOP UNCENSORED HERE: http://bit.ly/2ugHHhS

**********************************************************************

Check Out Our Website: https://hiphopun.com
Follow Us On Instagram:
Follow Us On Twitter: https://twitter.com/HHU4life
Like Our Facebook Page: http://bit.ly/2x5Hm2H

COPYRIGHT TAKEDOWNS: ogod@hiphopun.com

Intro Music: By @kingtoro84 On Instagram For More Beats!
*Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended. ALL RIGHTS BELONG TO THEIR RESPECTIVE OWNERS*

Advertisements

Author: celeboftea