Oh dear. Poor Aaron Carter. The teen pop star has had a rough go of it the last few years — he’s been in and out of rehab and his sister Leslie Carter passed away unexpectedly — but he’s hoping to get a fresh start the old-fashioned way: He’s filing for bankruptcy.
His publicist says that Carter has “really gotten his act together and is really doing well” and that the bankruptcy filing is a good thing, so there’s that, at least.
The breakdown of his assets and debts, though, is a bit stomach-turning: He owes Uncle Sam $1.3 million, primarily in unpaid taxes from his teen pop star days (his publicist says he wasn’t in control of his finances, which were being mismanaged), and currently has a grand total of $8,200 in assets: $60 in cash, $917 in his checking account, $5 in a savings account, and personal property including a TV, a watch, a cell phone, clothing, two laptops, a guitar and a Louis Vuitton backpack. That’s all. That’s it. That’s all that’s left. Deep sigh.
Although Carter is currently on a 75-city tour of the United States, his bankruptcy petition says he only nets about $2,000 a month from those performances, and there’s no plan after that tour ends in December.
It’s further proof that child stardom isn’t all it’s cracked up to be. Cross your fingers that Carter gets the clean slate he needs.
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