Stephen Baldwin Is Bankrupt

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Not even I'm a Celebrity...Get Me Out of Here! could salvage this situation. Or Celebrity Apprentice. Stephen Baldwin filed for Chapter 11 bankruptcy in New York yesterday, per a court document that states the actor is more than $2.3 million in debt.

The youngest Baldwin brother owes $1.2 million on two mortgages on his New York property (which is only valued at $1.1 million) and another million in taxes -- plus $70,000 in credit card debt. His wife Kennya Baldwin was also named in the document.

Does this mean more reality shows are in the cards for Stephen? Perhaps Spencer Pratt could use some more religious guidance.

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