Debt Dogs Aaron Carter
By Kimberley Coughlin
November 22, 2013

How do you put a price on your pet?

Apparently, if you’re Aaron Carter, you don’t. According to TMZ, the pop star owes more than a million dollars to the IRS and has filed for Chapter 7 bankruptcy. In the report, Carter lists a variety of assets—from big-ticket electronics to designer bags ranging in value from hundreds to thousands of dollars—but when it comes to his pit bull, King, Carter claimed $0.

The gossips columns are having a field day with this, but I wonder if Carter’s financial folly really reflects how he feels about his dog. Achieving fame at a young age is never easy and Carter's rep, Steve Honig, claims that "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."

My soft side wants to give the singer the benefit of the doubt and say that he’s just not thinking clearly. Maybe there’s some bankruptcy loophole that allows you to keep your pet if you declare that they have no value.

As the saying goes, “a dog is the only thing on earth that loves you more than it loves itself.” It sounds like that’s what Carter could use that kind of unconditional love; hopefully he realizes that it’s invaluable.