Lindsay Lohan Storage Locker About To Be Auctioned Off

Lindsay Lohan is on the verge of losing expensive designer clothes, family heirlooms and potentially embarrassing items ... because she hasn't paid her storage bill and as a result the unit is about to go up on the auction block.

Sources close to Lindsay tell us ... LiLo has fallen behind on paying her monthly bill ... and now owes roughly $16,000 to the storage company.

The account is now delinquent and the locker can't be opened until the balance is paid in full ... and that's not going to happen because Lindsay doesn't have the cash. As we reported, her financial situation is so desperate the IRS has frozen her bank accounts because of unpaid back taxes.

So here's the upshot. If Lindsay doesn't get a big check for XMAS, her storage unit will be auctioned off this month. We're told she's reached out to family and friends to front her the money but so far no one is biting.