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Aaron Carter

Files for Bankruptcy

Even My Dog's Worthless

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

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."


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Poor baby.

274 days ago


I work in bankruptcy and you have to list your pets as zero unless it's a champion show dog.

274 days ago


You idiots!
You have to list your dog on Schedule B (Personal Items) if you list if as an Expense on Schedule J (Expenses)

You people need to do more research on Bankruptcy before you start posting stuff about it

signed- Bankruptcy Paralegal from New York

274 days ago


Ahh feel really bad for him.................not

274 days ago


Welcome to your future Justin Bieber.

274 days ago


i just posted this to fb:

Im so sick of people writing and promoting FALSE and inaccurate information regarding Bankruptcy!

its annoying...I have been a Bankruptcy Paralegal for a while now and I still dont know everything there is to some freaking idiot journalist thinks they know what the hell they are talking about?!?!? foh!

for all those who read this here is the situation in a nutshell:

Aaron Carter owes about $2 Million dollars to various creditors and claims to make no money...(which is probably true...we have not heard from his ass is a i dont doubt it) his dog gets listed as an asset because he probably listed his dog as an no his dog is not just has an indeterminate value . . . .

274 days ago


Sounds like the upcoming Justin Bieber story.

274 days ago

jdizzla a    

The only time celebrities go to jail is when they owe the government money. Bad news dude.

274 days ago


Ah, the liberal lifestyle.
Spend, spend, and when you`re done; spend some more.

274 days ago


Is this article for real? He is on tour and makes less than $2000/month?

274 days ago

Lil Wayne     

I'm having a vison..... I see..... I see... This being u in 10 years Justin Bieber.

274 days ago

mary jo     

I did not know that you could file bankruptcy on IRS....

And when I had AMERICAN EXPRESS, one payment late and they cut me off completely and this one racks up over $31K

Wow guess it does pay to be a celebrity

274 days ago


If the bulk of the debt is that old, I find it hard to believe he kept paying on it for so long. My guess is once he got control of his money he used it to fund his meth addiction.
He's probably working for the IRS debt now and they have him on a $2000/mo allowance.

274 days ago


Come on Biebs, throw this guy a few bucks. Or do you not associate with white guys that aren't named "Lil" something?

274 days ago


If his debt really is that old, shouldn't it have fallen off of his credit report by now? Shouldn't he be in the clear if the people/companies he owes haven't sued him? (which may be the case. I'm just wondering.)

274 days ago
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