Aaron Carter’s party is officially OVER! The IRS has been trying to come and get it (the $1.3 million he owes in back taxes that is) but A.C. is completely out of cash at this point!
The only thing left for the pop star to do was file for Chapter 7 bankruptcy!
In his paperwork, Aaron lists his total assets at a value of only $8,232.16! However, his liabilities total a whopping $2.2 MILLION!
What’s on his list of possessions? A 61” flat screen TV, 2 MacBooks, a mini keyboard, portable Beats, a guitar, a Louis Vuitton backpack, a printer and a Brietling watch.
But for some reason, when assessing the value of his dog, Aaron listed him as being worth $0!
Poor puppy must at least be worth a couple of bucks!
As for his average monthly income, Carter claims he makes almost $2 grand, but his monthly expenses are slightly higher than that, including $600/month for food, $150 for clothes and $65 on “hygiene.”
We’re no accountants but we don’t understand how a huge pop star, who is STILL currently on tour, can get into this kind of financial trouble?!
Aaron’s reps reached out to us to explain that the majority of this outstanding debt is from more than 10 years ago when he was a minor and not in control of his finances.
Steve Honig, who handles Aaron’s PR told us:
“It’s unfortunate, but many performers who achieve success when they are minors end up having financial issues later in life due to mismanagement of their money when it was not under their control.”
Keep the spending down and we’re sure you’ll be back on your fiscally responsible feet again in no time, Aaron!
Tags: aaron carter, gifs, legal matters, music minute