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Celebrity bankrupts – Stephen Baldwin

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Actor and Celebrity Apprentice and I’m A Celebrity… Get Me Out Of Here star Stephen Baldwin, 43, filed for bankruptcy this Tuesday finding himself in millions debt.

According to court papers, Baldwin owes more than $2.3 million and owns a New York property valued at only $1.1 million. His debt includes some $1.2 million on two mortgages on the New York property and more than $1 million in taxes. On top of that all, he’s got a credit card debt, too.

On June 12, 2009 his NY home was being auctioned at the County Court House steps after Stephen and his wife Kennya Baldwin failed to pay $824,488.36 on their mortgage.

Hope he’ll be ok and fixes everything with time.

Alec Baldwin’s younger brother isn’t the first celebrity to file for chapter 11 bankruptcy. Check out other celebs who once filed for bankruptcy here >>>

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Category: Celebrity News

July 23rd, 2009

Posted to: Stephen Baldwin

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