Aaron Carter’s Estate Declared Insolvent, Unable To Pay $241K Debt
Two years after his death, Aaron Carter’s estate has reportedly been declared insolvent, informing the court it’s unable to cover the late singer’s $241K tax debt.
Documents obtained by In Touch reveal that despite selling off many of Aaron’s assets, including his home and car collection, the estate has been unable to recover due to mounting interest, penalties, and ongoing legal disputes.
Despite reportedly leaving behind $810,547 in assets, the administrator stated that the IRS claims Aaron owes $46,116 for 2018 and another $118,000 for 2021, which the estate can’t cover.
It’s also noted that, as a result, little remains to be transferred to…