Aaron’s Party Ending: Former Pop Star Filing for Bankruptcy

Forget candy, pretty sure Carter wants money right about now

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Aaron Carter
Jeff Daly/Invision/AP / Jeff Daly/Invision/AP

Aaron Carter

Aaron Carter may have beaten Shaq in his heyday, but he couldn’t beat the IRS.

The former pop star has filed for Chapter 7 bankruptcy, his publicist told CNN. Though Carter’s album “Aaron’s Party (Come Get it)” went triple-platinum, the 25-year old is more $2 million in debt. He owes the Internal Revenue Service a whopping $1.3 million in back taxes from 2003.

According to the bankruptcy filing, the younger brother of the Backstreet Boys lead singer had $60 cash in his wallet and $917 in his checking account when he filed last month. Carter is currently on a 75-city tour, which ends in December, though he reports only earning about $2,000 a month.  His expenses total about $2,000 a month, since he lives with a relative in Florida when he’s not on tour.

TMZ reports he lists his dog as an asset in the petition.

His publicist Steve Honig told CNN that the filing is not a negative thing.”It’s actually very positive,” Honig said. “It’s him doing what he needs to do to move forward.”