Aaron Carter

Files for Bankruptcy

Even My Dog's Worthless

11/21/2013 6:02 AM PST BY TMZ STAFF
Aaron Carter may want candy, but he can't afford it anymore ... because TMZ has learned he's gone belly up, filing for bankruptcy ... and the papers reveal sad news about his pooch.

According to legal docs, obtained by TMZ, Aaron's assets total $8,232.16.  Here's the BIG problem.  His liabilities total $2,204,854, which include a $31,166 AmEx bill.

Aaron -- who was a huge pop star and is still on tour, even tonight -- also owes $1,368,140 mil to the IRS.

As for his assets, he lists a 61" flat screen worth $500.  He also lists 2 MacBooks, 2 Headset Mics, a Mini Keyboard, Portable Beats, a speaker, a guitar, $60 in cash, Louis Vuitton backpack, a duffle bag and a printer worth a total of $2,500.  And he owns a Brietling watch worth $3,750.

Here's the saddest part.  He also lists a dog, with a value of ZERO.

Aaron lists his average monthly income at $1,998.75.  As for his monthly expenses -- $2,005, which includes $600 for food, $150 for clothes, and $65 for hygiene.

He's currently living with a family member.

Aaron is not filing for Bankruptcy light, which is often used to reorganize debts.  He's going for the whole, Chapter 7 enchilada, which means the creditors will eat it.

Aaron's rep Steve Honig tells us the singer filed for bankruptcy to move forward with his life and career adding, "the overwhelming majority of the debt he is asking to be discharged is from more than 10 years ago when he was a minor and not in control of his finances."