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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

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1.

tessa    

another brat, another bum, spending what he doesn't have

250 days ago
2.

Ron Fing Swanson    

Bieber pay close attention.

250 days ago
3.

Luna    

Beiber take a look at your future.

250 days ago
4.

Your S&M Girlfriend    

I know his name but I'm not 15 so I have no idea where he came from or what he does. I don't see that as a loss.

250 days ago
5.

Biebersgranny    

Aaron never had Bieber money but at this rate, Bieber will follow his lead... I estimate it to be in the next 10 years.and hopefully by the Bieber will be back living the country life in Canada and gone with the wind!

250 days ago
6.

Shoozie    

Uhhh, this guy has almost $1,200 left after expenses. No way should he be granted bankruptcy.

250 days ago
7.

MRJKAVL    

Thumbs up if you actually feel bad for the kid. He isn't and never was in the same light as Justin Beiber. Yes he was a tween star, but had like only a couple of hits and rode on the coattails of his brother, Nick Carter from Backstreet Boys to rise to his level of fame.

He never had a huge future, global following and legacy to carry him through years of no work like a lot of superstars have.

250 days ago
8.

Jamey Hunter    

Here we go again. Another former flavor of the month psuedo celebrity who is going to have all of his debts wiped away just so he can start accumulating debt again. How about getting a job and paying your bills like the rest of us?

250 days ago
9.

Chris    

Really TMZ, the dog is the saddest part of a bankruptcy?

250 days ago
10.

o rly    

Of course you list the dog as zero; "worthless" meaning they may not choose to take it.

250 days ago
11.

Anonymous    

A couple of things: First, I find it hard to believe that he is touring, yet only makes $2K a month. Second, by law, the court does not discharge IRS debt unless it is over 3 tax years old. in other words, as of now, he could only discharge 2009 and before (2012 was filed in April of this year, 2011, and 2010, so 2009 is the first year they would be able to discharge). He could still owe the IRS a lot even after a bankruptcy.

250 days ago
12.

pat    

I don't understand how he can get away without paying American Express. Unless that's his balance for one month. Where I come from if you don't clear your balance every month, your card gets cancelled. And thwey don't give a crap who you are,


How can the government let him slide on paying his taxes. If he's worth 8 grand, then you can assume he never paid taxes when he was making money. This is what's wrong with America. No one pays their taxes. Especially Californians. If they paid their taxes, California would be swimming in money instead of being broke.


Lastly, judging from that picture, He seems to have pleny of dough for drugs. He looks wasted.


Can't wait for this to happen to Beiber.

250 days ago
13.

the artist formerly known as hand turkey    

I spend less than $60...0 a month on food for my whole family. Learn to live within your means, man.

250 days ago
14.

Azi    

Here is a man who conveniently claims he make less than $2,000.00 monthly, yet has an active concert tour going on. Somethings fishy.

250 days ago
15.

WME2KS    

My rolex is worth more than this dudes total value of everything including his useless dog and he is a celebrity lol

250 days ago
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