Update 06/04/2019 10:41am:
Around this time last year, Lil Kim filed for Chapter 13 bankruptcy, noting that she only made the move in order to save her mansion in New Jersey from being foreclosed on. As a result, the filing stopped her home from being foreclosed on. Now, Kim is asking that a judge toss the bankruptcy situation since she doesn’t need protection against creditors anymore.
Lil Kim previously made three payments amounting to $33,297.41, which covered three payments towards her debt plus legal fees and interest owed.
source: The Blast
Original 02/02/2019 2:02pm:
According to financial documents that surfaced, Lil Kim listed a $25,000 loan that Missy Elliott gave her as part of the monthly income and expenses she is required to report as part of her ongoing bankruptcy.
This news comes after Kim filed for Chapter 13 bankruptcy last year. The rapper reportedly owes $1,845,451 in back taxes. Along with that, she was previously hit with a federal tax lien of $188,000. Despite the financial troubles, Lil Kim was also able to save her New Jersey mansion from being foreclosed.