Stephen Baldwin files for Bankruptcy
The gloomy economic conditions have caught up with Stephen Baldwin and his wife Kennya.
The Baldwins filed for Chapter 11 bankruptcy citing excessive credit card debt, back taxes and two mortgages.
Baldwin’s property is worth $1.1 million, but Stephen and Kennya owe $1.19 million to the bank, $70,000 to credit card companies, $890,000 to the IRS and $194,527 in unpaid state income taxes, according to the Wall Street Journal.
Baldwin has rou movies slated for release this year–”Shoot The Duke,” “Let The Game Begin,” “To The Wall” and “Mate.”
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