Aaron Carter Files for Bankruptcy, Doesn't Value His Dog

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Aaron Carter has fallen on hard financial times. The hardest, actually, by definition of the law.

According to legal documents obtained by TMZ, the former boy band singer has filed for Chapter 7 Bankruptcy, as his total assets (listed at $8,232.16) don't come close to matching his total liabilities (listed at $2,204,854).

Aaron Carter Red Carpet Pic

Carter, who is actually touring at the moment, also owes over $1.3 million to the IRS, but he can't exactly afford to pay this tax burden off.

Not when he claims his only assets include:

  • A 61" flat screen worth ($500).
  • $60 in cash.
  • A Brietling watch worth ($3,750).
  • A dog ($0). It's true: Carter is on legal record as saying his canine has absolutely no value.

Carter says his average monthly income is $1,998.75 and his monthly expenses are $2,005; these are comprised of $600 for food, $150 for clothes and $65 for hygiene.

It's been a rough few months overall for the artist.

In June, he was beat up by New Kids on the Block fans. Hard.
 

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NONE of this is surprising. At all. Nick and Aaron's parents are horrible PIECES OF WORK and are to blame for A LOT of Aaron's financial troubles. Over the years, Nick and Aaron's parents have done nothing but sponge, mooch and leech off of their sons. Their dad is nothing but a womanizing and skirt-chasing DIRTBAG and their mom is nothing but a mentally unstable and totally bipolar WHACK-JOB. STUPID-ASS PARENTING AT IT'S W-O-R-S-T!!!!!

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his nickname now? Dogshit Carter!!

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Most wealthy people have declared bankruptcy at one point in their lifetime then recovered, and Aaron Carter will be fine. He should be a movie star as he is so good looking.

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@AVE
What?? USD 600 counted as over average salary in my country! You can even eat USD 80 / month..
But I am with my husband eat around USD 200 / month and the food categorized as delicious.

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Seriously? 600 dollars for food a month? that is less than a salary in third world countries he can live with that