Stephen Baldwin in debt: Files for Bankruptcy

According to Associated Press, actor Stephen Baldwin, who has appeared in movies such as “The Usual Suspects” and “Fred Claus,” has reportedly filed for bankruptcy. Reports say that Stephen, who is the youngest of the Baldwin brothers, is millions of dollars in debt.

Court records apparently show that Baldwin has filed for Chapter 11 bankruptcy. The filing in federal court in New York shows that Stephen owes $1.2 million in two mortgages, on his property that’s about 30 miles north of New York City and was valued at around $1.1 million.

The reports have stated that the documents apparently show that Stephen, who recently appeared in the jungle reality show “I’m A Celebrity Get Me Out Of Here,” also owes more than $1 million in taxes and has around $70,000 in credit card debts.