Stephen Baldwin files for Chapter 11 Bankruptcy protection

Actor Stephen Baldwin has filed for Chapter 11 Bankruptcy protection in New York. Court documents show he has over $2.3mil in debt and only $1.1mil in assets.

43 year old Baldwin owes about $1.2 million for two unpaid mortgages on his property in New York and more than $1.1 million in back taxes. He also has heavy credit card debt. His wife, Kennya Baldwin is also named in the documents.

Stephen Baldwin’s last known employment was when he appeared on the hit reality TV show “I’m a celebrity… get me outta here!” but he was forced to leave the show after complications from insect bites that required extensive hospital treatments. Obviously, the stint didn’t produce enough income to keep the wolves away from his door.