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Celebrities / Music PopWrapped | Celebrities

Gone For Broke: Aaron Carter Files For Bankruptcy

PopWrapped | PopWrapped Author


11/22/2013 10:18 am
PopWrapped | Celebrities
Gone For Broke: Aaron Carter Files For Bankruptcy
Media Courtesy of Wire Images

Susan Booth

Staff Writer

When I interviewed Aaron Carter back in April, I never imagined that he was having any kind of financial trouble, and I was more than a little surprised to find out I had no idea what he might have been going through. E! News has confirmed that Aaron Carter has in fact filed for bankruptcy.

Steven Hoing, Aaron Carter’s rep, had this to say about the singers money troubles: "Aaron filed for Chapter 7 Bankruptcy protection to alleviate past issues in an effort to move forward with his life and career. 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." E! News was able to obtain documents showing that Carter has a total of $8,232.16 in assets as we speak and his income is around $1,998.75, with his monthly expenses being about 2,005.00.

Carter’s financial troubles have him owing over $2.5 million, not to mention owing nearly $1.4 million to the IRS and over $31,166.00 owed to American Express. He also owes $9,000.00 to Bandango for a tour bus he used, $575,340 to Live Nation for a business debt for merchandise, and finally $10,000.00 to AAA insurance for an auto insurance claim filed on Feb 3rd of this year.

Carter is the younger brother of Backstreet Boy Nick Carter, and he step out of his brothers shadow in the late nineties with his album Aaron’s Party (Come And Get it) with hits like “That’s How I Beat Shaq” and a cover of “I Want Candy.” Despite any and all financial struggles the singer may be dealing with, he continues to move forward with his life and career, as he is currently touring the west coast.


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