Wednesday, July 22, 2009

Stephen Baldwin filed for bankruptcy

Reality TV star Stephen Baldwin has filed for chapter 11 bankruptcy. He owes $1.2 million mortgages on his home in New York. Then there’s his $70,000 of credit card debt.

Putting on the icing is his $1 million worth of taxes. His wife, Kennya is also on the bankruptcy papers.

It only shows that this deteriorating economy affects all even celebrities who looks bankable on screen or maybe they just spend more than what they earned.

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