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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
31.

HeeHee    

Poor baby.

250 days ago
32.

Lauren    

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

250 days ago
33.

Chanel    

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

250 days ago
34.

Ryuk    

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

250 days ago
35.

OK    

Welcome to your future Justin Bieber.

250 days ago
36.

Chanel    

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 know...so 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 while...so i dont doubt it) his dog gets listed as an asset because he probably listed his dog as an expense...so no his dog is not worthless..it just has an indeterminate value . . . .

250 days ago
37.

mrz16    

Sounds like the upcoming Justin Bieber story.

250 days ago
38.

jdizzla a    

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

250 days ago
39.

Allen    

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

250 days ago
40.

Jake    

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

250 days ago
41.

Lil Wayne     

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

250 days ago
42.

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

250 days ago
43.

Sili'LilSkoolgrl    

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.

250 days ago
44.

SoManyIdiots    

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

250 days ago
45.

KMB    

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.)

250 days ago
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