It's been almost a year since Bobby Shmurda got locked up on drugs and guns charges.

The problem is his $2 million bail, which Epic Records has made clear that they won't put up.  Shmurda and his revolving team of lawyers have tried to have his bail reduced four times, and four times they have failed.

Now there are reports that his current legal team and prosecutors are meeting this week to discuss his bail situation, and there's a chance something can be worked out.

That certainly won't end Shmurda's problems -- his trial starts on February 22 and he's facing up to 25 years.

But at least he would be able to enjoy Christmas at home.

Update:  TMZ reports Bobby's aunt has put up several properties to help pay for his bond, and that the family is working with bail-bondsman to the stars Ira Judelson.