Tuesday, July 21, 2009

Stephen Baldwin: Bankrupt

Stephen Baldwin goes shopping with his daugther in West Hollywood

Actor Stephen Baldwin, pictured above with his daughter shopping last week in Hollywood, filed for bankruptcy in New York on Tuesday, according to a court document that says he is millions in debt.

The 43-year-old actor filed for Chapter 11 protection claiming he owes more than $2.3 million and owns a New York property valued at only $1.1 million. His wife, Kennya Baldwin, also is named in the document.

Baldwin owes about $1.2 million on two mortgages on the New York property and more than $1 million in taxes. He also has credit card debt, court papers showed.

A lawyer for Baldwin had no comment.

source - yahoo


Anonymous said...

broke and shopping. smart.

Anonymous said...

You could knock more sense up a gnat's behind with a boat paddle than him and his brothers have combined.