Aaron Carter became a household name when he was just a kid, but now, he's living paycheck to paycheck.
"Financially, I'm in a terrible position. When I turned 18, I got hit with all those taxes," he says in a sneak peek of Spike TV's "Life or Debt." "I filed a chapter 7 bankruptcy last year, and now, I'm already over $100,000 dollars in debt. It's been really difficult for me."
"I want to have a life set up for myself. I want to have a house. I can't tell you how badly I want to have a home," he tells financial expert Victor Antonio.
The teen idol decided to sign away his millions to his parents to keep them out of jail.
"You actually took the bullet for your parents," Antonio says. "I did ... Everybody told me not to take the brunt of this bankruptcy."
Carter goes on to admit that he has "nothing" in his bank account and has "zero savings." As for his debt, he reveals that he owes more than $150,000!
The 28-year-old star also says he's made $1.5M over the past three years ... but has only gotten paid $100,000, which is about $33,000 a year.
So, what does his business manager say about the mismanaged funds? You'll have tune into "Life or Debt" on Sunday at 10/9c on Spike TV to find out!