His representative confirmed that the singer has an 'overwhelming' amount of debts to credit card company and IRS among others.
Former child singer Aaron Carter has filed for bankruptcy. The 25-year-old filed the legal documents, revealing that he has debts totaling $2,204,854 including credit card charges of $31,166, but only has assets total $8,232.16.
According to TMZ, Carter also owes taxes bills to IRS, amounting to $1,368,140. With the big numbers, Carter therefore is filing for Chapter 7 Bankruptcy. In order to file such document he had to list his assets and that includes his pooch which he claims has zero value.
Among his lists are a 61" flat screen worth $500, 2 MacBooks, 2 Headset Mics, a Mini Keyboard, Portable Beats, a speaker, a guitar, Louis Vuitton backpack, a duffle bag, a printer worth a total of $2,500, and a Brietling watch worth $3,750.
Carter stated that he makes $1,998.75 a month but spends $2,005 monthly, which includes $600 for food, $150 for clothes, and $65 for hygiene. He is living with a family member.
His representative has released a statement to Wetpaint Entertainment, saying "Aaron filed for Chapter 7 Bankruptcy protection to alleviate past issues in an effort to move forward with his life and career. 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 is in the middle of a tour on the West Coast. The younger brother of Nick Carter found his glory in 2000 when his album "Aaron's Party (Come Get It)" went triple platinum. He has not released any studio album since 2002.