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Stephen Baldwin Files For Chapter 11 Bankruptcy

Stephen Baldwin declares bankruptcy

The Usual Suspects star turned Reality TV guy, Stephen Baldwin has filed for chapter 11 bankruptcy.  He owes $1.2 million on his home in New York that is worth only $1.1 million.  Then there’s his $70,000 of credit card debt on top of that.  Then the final kicker is the $1 million + worth of  taxes he owes.  Ouch!  That’s awful.  His wife, Kennya is also on the bankruptcy papers.

I always find it surprising when I see celebrities in financial distress.  But, I guess that is proof that they are human like the rest of us. Do you think his brothers might try and help him out??

[image by WENN.com]

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