Stephen Baldwin Files For Bankruptcy

by Deidre Woollard (RSS feed)
Jul 22nd 2009 at 10:02PM

Last month we learned that Stephen Baldwin was facing foreclosure on his New York home. This week, he filed for Chapter 11 bankruptcy which has temporarily saved the home from auction. Baldwin, who has been appearing on reality TV shows of late, claims more than $2.3 million in debt. He owes around $1.9 million on two mortgages on the property (which is listed as being worth $1.1 million) as well as more than $1 million in taxes and credit card debt of over $70,000. Baldwin's debt is dwarfed by some of the other big bankruptcies we've seen lately including Bernie Kosar ($19.5 million) and Lenny Dykstra (estimated at as much as $50 million).

Gallery: Stephen Baldwin In New York