Aaron Carter went bankrupt, declared worth $8,000

Days may have been gone for former kid pop star Aaron Carter, now 25 and reportedly, has filed for bankruptcy over a tax and credit debts exceeding $3.5 million.
In his declared worth of $8,232.16, only $977.16 of which is accessible.

Carter filed in court on October 23, stating his debt of $2,204,654 to creditors, plus an income tax for a sounding $1,307,648.

According to OMG!

Aaron filed for Chapter 7 bankruptcy protection to alleviate past issues in an effort to move forward with his life and career 

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.

In the US, a Chapter 7 bankruptcy is of the highest aggressiveness as it requires liquidation of one's most assets. Moreover, it stays on a credit report for 10 years.

Aaron Carter had issues related to drugs and alcohol.