Grammy award winning rapper Lil’ Kim had originally filed for bankruptcy Chapter 13, but had it converted to a Chapter 11 due to the amount of debts she had.
Lil’ Kim had filed the bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey when she fell behind on mortgage payments for her home in Alpine, New Jersey.
Filing a Chapter 13 is a type of bankruptcy that would allow one to remove a home from foreclosure and make payment plans as to the arrears. Payment plans with the bankruptcy court are typically between 36 to 60 months.
However, Lil’ Kim was able to modify her mortgage with the lender and as such, is now requesting that her bankruptcy case be dismissed.
Now the issue will be any unsecured debts/creditors such as credit cards that she may have and how that gets paid back if the dismissal is granted by the bankruptcy judge.
Alexander Hernandez has been representing clients since 1999 in the areas of Chapter 7 Bankruptcy, Family Law, and Personal Injury.
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