Another person victim because of no Financial Education......
Former kid pop star Aaron Carter, 25, has filed for bankruptcy, claiming to have tax and credit debts exceeding $3.5 million while possessing just $8,232.16 in assets — just $977.16 of that in accessible cash, according to documents.
Carter, the younger brother of Backstreet Boy Nick Carter, says in his court filing, dated Oct. 23, that he owes $2,204,654 to creditors, including a $1,307,648 income tax debt to the IRS, and a $31,166 American Express bill.
It is very important for everyone to learn from these stories. I was taught long ago that it's much wiser learning from others mistakes. We need to really think about this. He made millions but has only $8,000 in assets?? Focus on your Asset Column!!
Former kid pop star Aaron Carter, 25, has filed for bankruptcy, claiming to have tax and credit debts exceeding $3.5 million while possessing just $8,232.16 in assets — just $977.16 of that in accessible cash, according to documents.
Carter, the younger brother of Backstreet Boy Nick Carter, says in his court filing, dated Oct. 23, that he owes $2,204,654 to creditors, including a $1,307,648 income tax debt to the IRS, and a $31,166 American Express bill.
It is very important for everyone to learn from these stories. I was taught long ago that it's much wiser learning from others mistakes. We need to really think about this. He made millions but has only $8,000 in assets?? Focus on your Asset Column!!
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