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Lil' Kim, Facing Big Debt, Files for Bankruptcy

Submitted by jhartgen@abi.org on

Platinum-selling rapper Lil' Kim filed for chapter 13 protection in New Jersey last month after her bank foreclosed on her gated mansion in Alpine, N.J., and the IRS said that she owes $1.47 million in back taxes, the New York Daily News reported. Court documents listed more than $4 million in secured and unsecured debts. The performer filed her petition May 8, just three days before her 6,026-square-foot property was scheduled to go on the auction block. A new listing on Auction.com that remained active Friday said the date for public bidding was rescheduled to June 28. Her filings in the case say she’s $664,474 behind on payments for the $2.3 million house and claim her gross income has dropped substantially in the last of couple years — from $823,659 in 2016 to $398,000 last year.