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Aaron Carter Files for Bankruptcy

 

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Aaron Carter has fallen on hard times, as the singer has filed for Chapter 7 bankruptcy.

“The bulk of the debt is from over 10 years ago when he was a minor and his money was being managed by other people,” Carter’s representative said in a statement to Us Weekly. “Most of that is an IRS tax debt. It’s very old debt from when his money wasn’t in his control. This is not recent problems that happened in the last couple of years, it’s going way back.” winded up

Carter was once a hot commodity in the music industry. In 2008, the singer was pulled over for speeding; less than two ounces of marijuana in his car. But the 25-year-old has turned his life around since then.

The rep continued, saying, “Aaron is really making smart decisions and taking control of his life. He’s clean and sober, finishing his 75-city sold-out tour. And even though this is a negative story, this really is a positive step for him, because it’s him being able to put his past problems behind him and move forward.”

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