Stephen Baldwin Declares Bankruptcy

By Mary Papenfuss,  Newser Staff

Posted Jul 22, 2009 3:14 AM CDT

(Newser) – Stephen Baldwin has declared bankruptcy after grappling unsuccessfully with millions of dollars of debt, reports AP. The actor owes $1.2 million in mortgages on a New York property, $1 million in back taxes and $700,000 in credit card debt, according to documents filed yesterday in a New York court. Baldwin recently quit the NBC program I'm a Celebrity, Get Me Out of Here after suffering more than 100 insect bites.

Actor Stephen Baldwin and daughter Alia arrive at a screening of We TV's "High School Confidential" in New York earlier this year.   (AP Photo/Peter Kramer)
Actor Stephen Baldwin filed for bankruptcy protection yesterday.   (AP Photo/Jeff Christensen)
Stephen Baldwin arrives at the premiere of "The Pink Panther 2" at the Ziegfeld Theatre earlier this year.   (AP Photo/Peter Kramer, file)
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