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Stephen Baldwin Files For Chapter 11 Bankruptcy

Stephen Baldwin and his wife, Kennya, have filed for Chapter 11 bankruptcy.

A filing Tuesday in federal court in New York shows that Baldwin is millions of dollars in debt and owes $1.2 million in two mortgages, more than $1 million in taxes and $70,000 in credit card debt.

The news comes less than a month after Baldwin almost lost his home before he was eventually granted a 30-day postponement while he explored ways to make ends meet.

That was around the time he inexplicably left NBC's 'I'm a Celebrity, Get Me Out of Here!' with just two days left on the reality show.

Baldwin claimed his more than 125 insect bites was the reason he left, but we always suspected that, behind the scenes, producers informed him he was going to lose his house and that's what prompted the exit.

Meanwhile, 'Newsday' reports that, earlier this month, a homeless man who was allowed to live on Baldwin's property was arrested on heroin charges and suspected of dealing drugs.

Baldwin told police he was shocked and was just trying to do a good deed.

July 22, 2009 |

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