Stephen Baldwin

Stephen Baldwin and his daughter at a movie theater in LA (7/20)

Stephen Baldwin is officially out of money. The "actor" (and I use that term in the loosest sense imaginable) filed for bankruptcy yesterday in New York. From Reuters:

The 43-year-old actor filed for Chapter 11 protection claiming he owes more than $2.3 million and owns a New York property valued at only $1.1 million. His wife, Kennya Baldwin, also is named in the document.

Baldwin owes about $1.2 million on two mortgages on the New York property and more than $1 million in taxes. He also has credit card debt, court papers showed.

The most shocking thing about this story isn't that Stephen filed for bankkruptcy, but that he owns a house worth $1.1 million. I mean, WTF, when Stephen Baldwin can actually get a loan for a million dollar house, you know something is seriously fucked-up with the lending industry in this country.