The recession is hitting even the Hollywood elite. Ok..maybe I shouldn’t make fun of Stephen Baldwin..he certainly wouldn’t be considered A-List. But you get my point…when you have to file bankruptcy over a measly $2 mil in L.A. you know things are bad.

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.

It’s been a rough year for the “Christian” Baldwin….a homeless man he let live on his property was arrested on heroin charges..his home is about to be foreclosed on and he had to leave the only paying gig he’s had in a long time when the bug bites got too rough for him on “I”m A Celebrity Get Me Out Of Here.”

stephen baldwin bankrupt

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