Lil Kim Pleads with Judge in Bankruptcy to Spare Her New Jersey Mansion
By TheBlast Staff on July 13, 2018 at 2:10 AM EDT
Lil Kim is begging a judge to stop the sale of her mansion as part of her bankruptcy, and the star swears she is ready to fight to save the property.
According to court documents obtained by The Blast, the Notorious K.I.M. claims she originally filed for bankruptcy to save her house from a public auction and take care of some outstanding tax debt.
The singer now claims to be devoted to digging herself out of her financial hole, explaining, “I remain committed to saving my home and reorganizing my debts.”
Getty / Auction.com
Kim is asking the court to convert her case into a Chapter 11, instead of a Chapter 13 bankruptcy, which would give her the opportunity save the home by reorganizing debts and setting up plans to repay what she owes.
One of Kim’s creditors recently filed a motion demanding they be allowed to take action against the rapper's New Jersey mansion, claiming she missed her June 1 payment of $10,155.47.
The creditor is asking the judge to be allowed to seize the home and sell it off to the highest bidder, claiming the property is worth at least $2 million.
The judge has not yet ruled on the fate of Lil Kim's home.
As The Blast exclusively reported, the hip-hop legend recently filed for bankruptcy and owes $4 million to creditors.
!twitter-embed(https://twitter.com/iGotTheSource/status/624767066839642112)
