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Lil' Kim files for bankruptcy amid $4 MILLION debt and seeks to sell her mansion


Lil' Kim has filed for bankruptcy amid a $4 million debt.
The rap artist, whose real name is Kimberly Denise Jones, filed Chapter 13 in May, according to The Blast, claiming debts of $4,084,841.60, as she owes $1,845,451 in back taxes.
The Lighters Up performer said in court docs that she makes about $18,286 a month and pays out about $12,784, with about $5,500 left over.
She listed $2,573,300 as her assets, which are composed of a number of high dollar possessions she's amassed. They include a mansion in New Jersey worth $2.3 million, with $25,000 worth of furnishings and $5,000 in electronics.
She told the court her wardrobe has an estimated value of $5,000, and her investments in three companies total to around $150,000.
Among the vehicles she listed as assets to the court included a 2000 Mercedes Benz estimated at around $4,200 and a 2005 Bentley Continental GT that's estimated at $52,600.
Among her debts, the Magic Stick artist told the court that she owes a home loan of $2 million, as well as $186,000 in legal bills and the aforementioned tax issues, which include both state and federal tax debts.


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