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Singer Aaron Carter Files For Chapter 7 Bankruptcy

Aaron Carter has filed for Chapter 7 bankruptcy.

The 25-year-old singer and younger brother of Backstreet Boy star Nick Carter apparently owes more than $2 million.

However, his assets add up to $8,232.16. He states his average monthly income is $1,998.75 and expenses are $2,005.

"Aaron filed for Chapter 7 Bankruptcy protection to alleviate past issues in an effort to move forward with his life and career," his rep says in a statement.

"The majority of the debt he is asking to be discharged is very old debut from more than 10 years ago -- when he was a minor and not in control of his finances."

Carter's last album was released in 2000 and sold over 1.5 million copies.

November 22, 2013 |

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