Former Child Star Aaron Carter is Broke and Filing for Chapter 7 Bankruptcy

Wow! This is really sad, but former child star Aaron Carter, younger brother of Nick Carter of Backstreet Boys, is completely broke and filing for Chapter 7 Bankruptcy. Aaron claims that he is more than $3.5 million plus in debt and only has $8,232.16 in his bank account and of that only $977.16 is available to him. Hmm, I wonder why that is? Aaron claims that his parents ran through the majority of his money and it wasn't until he was around 13 that he started trying to hold them accountable for it. He subsequently got emancipated but by then it was too late the damage had been done. I remember their reality show, they had this huge compound in Florida, a big piece of land with several houses on it, and they had lots of "toys", like wave runners, 4 wheelers, etc etc. So apparently they spent his money on land, vehicles, and building houses. According to the Yahoo article, Aaron has to surrender all of his assets to the Bankruptcy court. That's messed up! He doesn't have that much left after he made millions and millions of dollars as the opening act for Backstreet Boys and his hit records. I wonder why his parents weren't forced to put his 70% of his money into a trust account, like Tiffany's mother had to when she was 16 yrs old?? Well good luck Aaron, and stay off of the drugs and the booze!