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Aaron Carter Files For Bankruptcy, Claims He Only Has $8,000 In Assets

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Aaron Carter has filed for bankruptcy. Here, she poses for a portrait at Magic City Casino on May 18 in Miami. (Larry Marano/Getty Images)
Aaron Carter has filed for bankruptcy. Here, she poses for a portrait at Magic City Casino on May 18 in Miami. (Larry Marano/Getty Images)

The pop star lifestyle apparently hasn't treated Aaron Carter so well -- because the 25-year-old just filed for bankruptcy.

Carter filed for Chapter 7 bankruptcy, according to TMZ, claiming that his assets total just $8,232.16. He says his monthly income is $1,998.75 and his monthly expenses are $2,005.

On top of that, he has financial liabilities that reportedly surpass $2.2 million. He allegedly owes $1.4 million to the IRS and has an American Express bill for $31,166.

As the younger brother of Backstreet Boys star Nick Carter, Aaron found his own fame in the late '90s. He's best known for his 2000 album, "Aaron's Party (Come Get It)," featuring the single, "I Want Candy." The album went triple platinum (yes, triple), he opened for BSB and Britney Spears, and had romances with the likes of Hilary Duff and Lindsay Lohan.

These days, things are different.

I’ve been living a different lifestyle,” Carter told the Wichita Eagle last month. “I don’t party. I’ve partied enough. I don’t go out. I focus on other things that are much more important. I focus on being an entertainer. I love performing. That’s what I’m about. I want to take that next step.”

He is currently touring on the West Coast, and has a show lined up in Eugene, Ore., for Thursday night (Nov. 21).

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