Baldwin Brother Files Bankruptcy
Stephen Baldwin and his wife file for bankruptcy.
Stephen Baldwin filed for Chapter 11 bankruptcy protection on Tuesday in New York. Baldwin starred in the films "Bio-Dome" and "The Usual Suspects."
The 43-year-old actor and his wife, Kennya, owe more than $2 million, according to court documents. The couple owes $1.2 million on two mortgages for their home in Rockland County, N.Y.
ABC News also reported that the actor owes $70,000 in credit card debt and more than $1 million in taxes.
In 1997, Baldwin and his brother, Alec, paid $515,000 for the home and 1.4-acre lot. After an unsuccessful attempt to try and sell the house in 2006, Baldwin and his wife defaulted on $824,000 in payments to their mortgage.