Anyone who thinks appearing on “I’m a Celebrity … Get Me Out of Here!” was a blow to the reputation of actor Stephen Baldwin doesn’t know the truth of the matter.
The truth is the actor, who is best known for his roles in “The Usual Suspects” and “Bio Dome,” filed for Chapter 11 bankruptcy in a New York court on Tuesday. According to the Associated Press, Baldwin owes $1.2 million on two mortgages on his property in suburban Nyack, New York, which is valued at $1.1 million. He also owes more than $1 million in taxes and has roughly $70,000 in credit card debt.
And you thought you had it rough.
The 43-year-old born again Christian, who is the brother of Emmy winning “30 Rock” actor Alec Baldwin, didn’t comment on the situation. However in recent months he has had a few spats with the law, including one in which a homeless man who living on Baldwin’s property was arrested for heroin possession and suspicion of dealing, according to Reuters.
With the news of his financial woes, it certainly begs the question of what Baldwin will do next. Thankfully for him, his name and celebrity kitsch factor will continue to get him paid, but the days of Stephen Baldwin the serious actor might be over and done with.
huh, bankruptcy you say. that’s too bad. then again, maintaining a big-spending lifestyle while finding diminishing roles has to come at a cost. without cutting back, bankruptcy is sure to happen.
too bad though. hopefully he’s able to mount a comeback. for whatever reason, i have always really liked the guy