Pelley Law Office LLP
Dallas Office
Plano Office
Sherman Office
214-733-1775
972-608-0335
903-813-4778

No Charge For Initial Consultation ($250 value)

Menu Contact

Over 80 Years Of Combined Experience

View Our Practice Areas

Child pop star files bankruptcy to get out of debt

Dallas readers might have been familiar with the child pop singer Aaron Carter, the younger brother of Nick Carter from the Backstreet Boys. A bankruptcy coming from a celebrity might seem surprising, but in this case it explains a lot about what happens when you come into money too young and aren't paying taxes when you should.

According to the news from Nov. 21, the singer has filed a petition for bankruptcy that would help him shed over $2 million in debt. The debt is primarily tax debt, according to the news, that was owed from when Carter was a singer in his youth. According to the Chapter 7 petition, Carter owes his publicist over $9,000, and he is believed to owe $1.3 million in taxes to the IRS from 2003.

It may seem like the pop star would have the money to back up these fees, but according to his publicist, he's not making the kind of money people would think. He allegedly had only $917 in his bank account when he filed for the bankruptcy claim, and his savings allegedly has only $5. His bankruptcy petition claims that he has little to show for his success in his teens.

Although he is filing for bankruptcy, he is also working, according to his publicist. He has performed in over 400 performances in the off-Broadway cast of "The Fantasticks" last year, and he is on a tour over 75 cities through the United States at present. The bankruptcy petition says he only gets around $2,000 for the performances each month, and he will not be earning anything after December for those tours.

Bankruptcy can affect anyone, even those who have seen success. If you're facing bankruptcy and want to look at your options, an experienced attorney may be able to help.

Source: KETKNBC, "Bankruptcy filing 'very positive' for Aaron Carter, publicist says" Stacey Spivey, Nov. 21, 2013

No Comments

Leave a comment
Comment Information

Awards & Recognition

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Plano office
Sherman office
Dallas office

Plano Office
1312 14th Street, Suite 100
Plano, Texas 75074

Phone: 972-608-0335
Map & Directions

Sherman Office
905 North Travis Street
Sherman, Texas 75090

Phone: 903-813-4778
Map & Directions

Dallas Office
6060 North Central Expressway, Suite 602
Dallas, Texas 75206

Phone: 214-733-1775
Map & Directions