It appears times are rough Lil Kim.

According to legal documents obtained by The Blast, the rapper filed for chapter 13 bankruptcy last month and has accumulated more than $4 million in debt. Kim reportedly owes about $2 million on a loan for her home in New Jersey, $186,000 for legal fees, as well as $1,845,451 in back taxes ($1,469,105 in unpaid federal taxes from 2004-2017, and $376,346.74 in unpaid state taxes from 2004-2017).

Kim claims she has a total of $2,573,300 in assets and earns about $18,286 in monthly income—$12,784 of which goes towards expenses. Queen Bee has offered to pay her creditors $5,500 every month for the next five years, and has also proposed to sell her New Jersey home to repay her debts; but according to The Blast, a trustee for the bankruptcy has already opposed her plan.

A hearing is scheduled for July.

Kim is reportedly working on a follow-up to her 2005 studio album the Naked Truth. The project would also mark the rapper’s first full-length release since 2016’s Lil Kim Season mixtape. We've yet to receive a release date for Lil Kim's upcoming album; however, she's in full promotional mode for her latest single “Spicy” featuring Fabolous. On Friday, the rapper went to Twitter to tease the track's upcoming music video.

🌶🌶🌶 #spicy pic.twitter.com/sN571Yc4O3

— Lil' Kim (@LilKim) June 8, 2018

Now that she's facing some serious financial issues, we wouldn't be surprised if Kim started cranking out new material and projects within the next several months.