Lil Kim Asks Judge To Toss Out Her Bankruptcy: Report
The rapper filed for Chapter 13 last year.
Kim was paying over $10K a month for the mansion and once she filed for bankruptcy, her creditor wanted the court to grant them permission to sell the home to pay her debts. The house, which The Blast states is worth $2 million, would have gone to the highest bidder had Kim not pleaded with the court to give her time to reorganize her debts. She also listed her total assets at $2,573,300 and her liabilities at $4,084,841.60, and she also reportedly owed $1,845,451 in back taxes.
Since then, the Queen Bee has done everything possible to get her finances straightened out. Kim reportedly received a loan modification on her mansion and obtained a lawyer who helped her during the process. She wants a judge to toss out her bankruptcy as she claims she doesn’t need protection from creditors anymore. Can we get the album, though?
