Stephen Baldwin Declares Bankruptcy

The recession has hit everyone hard — even the Baldwins.

The youngest brother of the famed acting clan, Stephen Baldwin, filed for Chapter 11 bankruptcy in New York Tuesday.

The 43-year-old Baldwin and his wife Kennya owe $1.2 million on two mortgages in New York, more than $1 million in taxes and about $70,000 to credit card companies, according to court documents.

Baldwin was most recently featured on NBC summer reality show, I’m a Celebrity… Get Me Out of Here!, where his most memorable moment was baptizing fellow reality TV staple Spencer Pratt.

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