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Aaron Carter

Files for Bankruptcy

Even My Dog's Worthless

11/21/2013 6:02 AM PST BY TMZ STAFF
EXCLUSIVE

1121-aaron-carter-dog
Aaron Carter may want candy, but he can't afford it anymore ... because TMZ has learned he's gone belly up, filing for bankruptcy ... and the papers reveal sad news about his pooch.

According to legal docs, obtained by TMZ, Aaron's assets total $8,232.16.  Here's the BIG problem.  His liabilities total $2,204,854, which include a $31,166 AmEx bill.

Aaron -- who was a huge pop star and is still on tour, even tonight -- also owes $1,368,140 mil to the IRS.

As for his assets, he lists a 61" flat screen worth $500.  He also lists 2 MacBooks, 2 Headset Mics, a Mini Keyboard, Portable Beats, a speaker, a guitar, $60 in cash, Louis Vuitton backpack, a duffle bag and a printer worth a total of $2,500.  And he owns a Brietling watch worth $3,750.

Here's the saddest part.  He also lists a dog, with a value of ZERO.

Aaron lists his average monthly income at $1,998.75.  As for his monthly expenses -- $2,005, which includes $600 for food, $150 for clothes, and $65 for hygiene.

He's currently living with a family member.

Aaron is not filing for Bankruptcy light, which is often used to reorganize debts.  He's going for the whole, Chapter 7 enchilada, which means the creditors will eat it.

Aaron's rep Steve Honig tells us the singer filed for bankruptcy to move forward with his life and career adding, "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."

161 COMMENTS

No Avatar
16.

Jennifer    

Is he doing the tour for free??

300 days ago
17.

Nick    

He seems sweet; was definitely abused and exploited. I feel bad for him.

300 days ago
18.

KAH    

That's what happens when you spend all of your money on drugs!

300 days ago
19.

LDB    

remember when Aaron Carter was the Justin bieber back in the day?

300 days ago
20.

Jay    

I make more than he does a month and I dont even spend 150 dollars a month on clothes or food. Maybe that is the problem. So sick of celebs who live way outside their means and then cry about it when they cant pay their bills. I dont buy that is all he is making anyways. Especially if he is on tour right now.

300 days ago
21.

Eric in L.A.    

Even if he is allowed to declare Chapter 7 bankruptcy it won't help him with his $1,368,140 mil IRS debt. I think he is screwed.

300 days ago
22.

Mikey    

Didn't he use to be Justin Bieber?

300 days ago
23.

Marcus    

1. He was never a "MAJOR" star. 2. Can you really unload a debt owed to the IRS by filing bankruptcy?

300 days ago
24.

princeluvr41    

why isnt big bro nick helping

300 days ago
25.

Randy    

I feel sorry for the bulldog, having such a loser for an owner. But the dog looks a LOT better than Carter. Someone PLEASE rescue him - - - - the dog that is!!!!!!!

300 days ago
26.

Susan    

The dog is worth more than you, a-hole.

300 days ago
27.

Maynavgirl    

Your writers at TMZ are so stupid. "[Aaron] also owes $1,368,140 mil to the IRS". He does not owe 1,368, 140 MILLION he owes $1,368,140 US dollars. If you said he owes 500 THOUSAND, you'd mean 500,000 not 500 dollars.

300 days ago
28.

KicksandGiggles    

WTF??? Bunch of crap. Then whoever WAS in charge of his finances as a minor should pay the bills. If he accidently has a decent song 5 or 6 people buy, he could have income and pay his own damn bill. Little bstd.

300 days ago
29.

xir    

You are more worthless than your dog. A lot of people will probably adopt your dog but not an arrogant spoiled brat like you

300 days ago
30.

NunYaBizNezz    

Good girl Hillary Duff dodged a bullet with this Loser!!
She ditched the zero and married a hero.

300 days ago
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