Rapper Lil Kim’s finances are back in order and her bankruptcy case has been officially dismissed by the court.
According to court documents obtained by the folks over at The Blast, a New Jersey federal judge has granted Lil Kim’s motion to end the case. Last month, the rapper asked for the case to be closed saying she no longer needed it.
Lil Kim said she had been able to get her finances into good shape and no longer needed the court’s protection her from creditors. She explained all was good after sitting down with a lawyer and obtaining a loan modification.
Kim said the whole purpose of the bankruptcy was to save her New Jersey mansion from foreclosure.
The judge sided with her and has officially closed the case. Lil Kim will now be on her own to deal with creditors and debt.
Last year, Kim filed for Chapter 13 bankruptcy due to $4 million owed to creditors.
The rapper filed for Chapter 13 bankruptcy last month with assets totaling $2,573,300 and liabilities in the amount of $4,084,841.60. She owes $1,845,451 in back taxes alone. This is great news as Kim continues to properly claim her rightful spot back in the limelight with her new Vh1 show ‘Girls Cruise’ and upcoming studio album, ‘Nine.’
