Aaron Carter, 25, files for bankruptcy
Aaron Carter has reportedly filed a bankruptcy petition in hopes of settling more than $2 million in debt.

Carter's spokesperson confirmed the singer's filling to CNN on Thursday, Nov. 21.
"This is not a negative thing," Carter's spokesperson said in a statement to the news network. "It's actually very positive. It's him doing what he needs to do to move forward."
Carter owes the IRS $1.3 million in back taxes from his 2003 income, according to CNN. Carter was just 16 years old at the time and his spokesperson explained to the news outlet that Carter was not in control of his finances back then. At the time he filed his bankruptcy petition, Carter had just $60 in cash in his wallet, $917 in a checking account and $5 in a saving account.
The singer, who is the younger brother of Backstreet Boys member Nick Carter, also listed several items as personal assets, which include a 61-inch flat screen TV valued at $500 and a Breitling watch valued at $3,750.
Carter is currently on a 75-city tour in the United States, but the petition claims the singer is only earning approximately $2,000 a month from the performances and his expenses come out to about the same amount.
The singer, who was in rehab in early 2011 to treat "emotional and spiritual issues," has been "completely clean of quite some time," his publicist told CNN.
Carter rose to fame as a child singer with the 1997 song "Crush on You." He is also known for the song "That's How I Beat Shaq." He has released four studio albums and he competed on "Dancing With The Stars" in 2009 with pro dancer Karina Smirnoff.

Carter's spokesperson confirmed the singer's filling to CNN on Thursday, Nov. 21.
"This is not a negative thing," Carter's spokesperson said in a statement to the news network. "It's actually very positive. It's him doing what he needs to do to move forward."
Carter owes the IRS $1.3 million in back taxes from his 2003 income, according to CNN. Carter was just 16 years old at the time and his spokesperson explained to the news outlet that Carter was not in control of his finances back then. At the time he filed his bankruptcy petition, Carter had just $60 in cash in his wallet, $917 in a checking account and $5 in a saving account.
The singer, who is the younger brother of Backstreet Boys member Nick Carter, also listed several items as personal assets, which include a 61-inch flat screen TV valued at $500 and a Breitling watch valued at $3,750.
Carter is currently on a 75-city tour in the United States, but the petition claims the singer is only earning approximately $2,000 a month from the performances and his expenses come out to about the same amount.
The singer, who was in rehab in early 2011 to treat "emotional and spiritual issues," has been "completely clean of quite some time," his publicist told CNN.
Carter rose to fame as a child singer with the 1997 song "Crush on You." He is also known for the song "That's How I Beat Shaq." He has released four studio albums and he competed on "Dancing With The Stars" in 2009 with pro dancer Karina Smirnoff.