Baby Phat Going Under?

One of fashion's fiercest diva queens is facing the possibility of having to relinquish her crown and declare bankruptcy. Kimora Lee Simmons, creator of urban fashion line, Baby Phat (as well as her own high-end line KLS) is said to be considering the possibility of filing for bankruptcy due to financial problems like debt. The former model's fashion line is supplied by Kellwood, Co. and an agreement could not be reached so apparently, it's only a matter of time. God, I hope not...I love Baby Phat :)