Aaron Carter Files For Bankruptcy: ‘The Best Is Yet To Come’

Fri, November 22, 2013 3:59pm EDT by 1 Comment
Aaron Carter Bankrupt
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Look’s like the party’s on hold for Aaron! The 25-year-old singer filed for bankruptcy, and the papers were recovered on Nov. 21, showing all his assets and the shocking amount he owes in credit card bills and to the IRS.

Aaron Carter is really depending on his fans during his toughest time. The singer is unable to pay his credit card bills and living expenses, but his rep told HollywoodLife.com that he’s moving forward and taking full control of his financial issues.

Aaron Carter Filed For Bankruptcy

Aaron’s assets total $8,232.16, according to official documents TMZ obtained. The papers also list his average monthly income at $1,998.75.

However, that is much lower than the amount he owes — $2,204,854 in liabilities. These include an American Express bill for $31,166. Additionally, he owes $1.3 million to the IRS.

“The bulk of the debt is from more than ten years ago when Aaron was a minor and his money was being managed by other people,” his rep told HollywoodLife.com.

The statement also listed all of his assets, including a 61″ flatscreen TV, a Louis Vuitton backpack, a Brietling watch, and his pup (which he listed as zero).

Aaron Carter: The Best Is Yet To Come

“Over the last couple of years, he’s really been taking control of his life,” his rep told us. “He handled his substance abuse issues and has been sober and clean for years now. He did a great job on Dancing with the Stars, and he performed over 400 performances for the Fantastics in NYC. He’s gotten himself in shape physically, and now he’s getting himself in shape financially.”

Currently, Aaron is still on tour in the U.S. and will be until mid-December. He is also working on a few projects to come in 2014, but his rep is keeping quiet on those at the moment.

“He would want to thank his fans for standing by him and tell them that the best is yet to come,” his rep added. We’re sending all the best to Aaron!

– Emily Longeretta

More Aaron Carter News:

  1. Aaron Carter Disses Justin Bieber’s ‘Beauty And A Beat’ Video
  2. Aaron Carter On Sister Leslie Carter’s Death: ‘I Want To Thank My Fans For Their Support’
  3. Nick Carter Partied In Boston The Day Of His Sister Leslie’s Funeral