Lil Kim Files For Bankruptcy

Lil Kim raps it's all about the Benjamins, and now it is for her, since she filed for bankruptcy last month in New Jersey saying she's $4 million in the hole.

According to legal docs, Kim owes $2 million on a loan for her NJ home and $1,845,451.74 in unpaid taxes, as well as $186k for legal bills.

She's offered to pay $5,500 a month to a creditor to sort it all out. There is a hearing scheduled for July.