Aaron Carter Files for Bankruptcy
It’s certainly not a party for Aaron Carter, who recently filed for bankruptcy.
Though the 25-year-old pop star is still performing — in fact, he is currently on tour and even has a show tonight — according to TMZ, Carter earns less than $2,000 dollars per month, on average. And his assets are worth just $8,232.16, including a Louis Vuitton backpack, a $3,750 watch, and his dog — whose value is reportedly listed as zero.
Carter allegedly owes over $1 million to the IRS and has more than $2 million in financial liabilities, including an American Express bill for $31,166, the site reported.
’90s fans will forever remember the ‘Aaron’s Party’ singer as Nick Carter’s fresh-faced younger brother, whose debut album of the same name went triple platinum.
However, life hasn’t been too kind to the singer in recent years. Just last year, he lost his sister Leslie to an overdose of Xanax. Carter, who went to rehab for his own Xanax addiction, also has an estranged relationship with his mother, who supposedly never gave him a good chunk of money he earned as a teen — something that has heavily affected his financial situation today.
“The overwhelming majority of the debt he is asking to be discharged is from more than 10 years ago when he was a minor and not in control of his finances,” Carter’s rep told TMZ, noting that the singer filed for bankruptcy in order to move forward with his life and career.