66 East Main Street, 3rd Floor Little Falls, NJ 07424

Lil’ Kim – Bank Forecloses on her Alpine Mansion

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June 12, 2018

Platinum-Selling Rapper files for Bankruptcy to avoid foreclosure on her home.

Debts:

  • IRS:  $1.47 MM back taxes
  •  $4 MM in secured & unsecured debts
  •  $664K arrearages on $2.3 MM house

Her Bankruptcy Petition states she has:

  • $25,000 in jewelry
  • $52,600 2015 Bentley worth
  • $4,200 2000 Mercedes Benz
  • $5,000 electronics
  • $5,000 clothing
  • $2,500 cash and no bank accounts
  • $154,000 several business entities.

Gross Income dropped from $824 thousand in 2016 to $398,000 last year and has no retirement funds.

Even the famous face Foreclosure.