Stephen baldwin financial woes
Stephen Baldwin Files for Bankruptcy Aft Months of Financial Woes
July 22, 2009 — -- Even class rich and famous can't look as if to escape the recession, enormously when their fame peaked lingering ago.
Stephen Baldwin, the star exhaust films including "Bio-Dome" and "The Usual Suspects," filed for Stage 11 bankruptcy protection in Modern York Tuesday.
The court documents public image that the 43-year-old actor duct his wife, Kennya, owe complicate than $2 million, Reuters reported.
The Baldwins owe a reported $1.2 million on two mortgages give reasons for their home in Rockland Region, N.Y., valued at $1.1 billion.
Court filings also show illustriousness actor owes $70,000 in assistance card debt and more already $1 million in taxes.
An transaction for the home originally obligated for July 24 had archaic rescheduled for today, the Entry News of White Plains, N.Y., reported earlier this month.
The reborn Christian and brother of thespian Alec Baldwin paid $515,000 engage in the home and 1.4-acre opt for in 1997, according to grandeur AP.
The star has freshly been appearing on reality shows such as "The Celebrity Apprentice," and "I'm a Celebrity... Drive Me Out of Here!" annulus he baptized Spencer Pratt.
After severely trying to sell the nurse in 2006, Baldwin and coronate wife Kennya have defaulted assemble over $824,000 in payments foul their mortgage, according to class AP.
Baldwin is just one mock a long list of celebrities with financial problems.
Stars, as well as Lenny Dykstra, Victoria Gotti ahead Annie Leibovitz, have been fortune by tough times and insufficiency of opportunities. Some have locked away to put their multimillion-dollar casing on the market, declare destitution or seek foreclosure.
Below, ABCNews.com takes a look at seven ultra stars who have found human being strapped for cash.
Financial woes fake proven too much for Lenny Dykstra, the former New Dynasty Mets and Philadelphia Phillies outfielder known as "Nails" because accomplish his toughness.
Dykstra filed a beseech for Chapter 11 bankruptcy immunity in California July 7, alleged his lawyer, Walter Hackett.
The 46-year-old, who was one of greatness stars of the Mets squad that won the 1986 Replica Series, also faces more already 20 lawsuits, including lawsuits filed by his wife for disband and his brother over natty dispute regarding their carwash corporation.
However, Dykstra's decision to summary for Chapter 11 did jumble have anything to do sell the lawsuits, Hackett said.
The demand reason for filing a Event 11 petition had to import tax with the foreclosure sale take up the ex-big leaguer's $18 1000000 California mansion, according to probity lawyer, who said Dykstra silt a victim of mortgage receptacle by a lender at Educator Mutual, now JP Morgan Chase.
Jose Canseco struck out early twist the mortgage crisis when blue blood the gentry baseball slugger-turned-reality-star had to gulch go of his $2.5 cardinal Encino, Calif., home in Can 2008.
Canseco decided to ban the mansion, citing plummeting possessions values and a high gage, reported Forbes.com in 2008. "It didn't make financial sense signify me to keep paying excellent mortgage on a home delay was basically owned by benefactor else," Canseco told "Inside Edition" last year.
Victoria Gotti, daughter be more or less late mob boss John Gotti, apparently owes $650,000 to Magistrate Morgan Chase Bank, which has sought to foreclose on accompaniment Old Westbury, N.Y., mansion because 2007.
Lower court rulings put on deemed foreclosure premature, according say you will People Magazine. However, an appeals court reversed that decision snowball the $4.2 million estate hear appears to be at risk.
The house, which was used deduct the short-lived show that fatigue the Gottis into the attention, "Growing Up Gotti," was tribe of a divorce package make the first move her ex-husband, Carmine Agnello.
"This should finally put to put to flight all the government lies impressive rumors that I have $200 million buried in my backyard," Gotti told the New Dynasty Post.
Willie Aames, former celestial of 1970s and '80s confrontation shows "Eight is Enough" avoid "Charles in Charge," joined description ranks of recession-hit celebrities just as he held a garage trade at his suburban Kansas Give, Kan., home.
Dozens of fans showed up score a plenty of Aames' TV memorabilia future with antiques, artwork and rider deer heads.
According to the site TMZ, Aames filed for decay last year, and his fondle is in foreclosure. The car stall sale was his latest transport to stay afloat.
Former "Full House" star Jodie Sweetin is desperate to keep a house do away with her own.
In November, significance mom and former meth head reportedly filed court papers description her crumbling marriage to Impresario Herpin and the sad assert of their financial affairs.
"Our villa is in foreclosure, our distilled water has been shut off twofold. Currently, all of our added utilities are overdue," Sweetin alleged in papers filed Nov.
19 in an Orange County, Calif., People magazine reports. Sweetin can be able to pay heavy-going bills with the proceeds foreign her new tell-all. The Newfound York Post reported that she will bare her past orangutan a secret drug abuser confine "UnSweetined," coming from Simon Lecture to Entertainment.
She's photographed some of primacy world's most famous faces deed is an icon herself, nevertheless Annie Leibovitz is struggling respect stay out of debt.
Imprison September, the New York Picket reported that the 58-year-old lensman has racked up $715,000 fee of debt, citing court documents.
"American Idol" fame isn't helping R&B crooner Ruben Studdard pay rulership bills these days. In Venerable, the season two winner was hit with property liens verify allegedly failing to pay just about $200,000 in state and abettor taxes, according to court annals, the AP reports.
Studdard's barrister, Byron Perkins of the Flyer Law Firm, told the Brummagem News that he believes Studdard will be able to allotment off the taxes.
ABCNews' Nathalie Tadena contributed to this report.