Stephen Baldwin

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Just because you’re living a lavish lifestyle doesn’t mean you can afford it. While most celebrities have way more money than they’ll ever know what to do with, there are some out there that just flat broke—or millions of dollars in debt. Some stars made irresponsible mistakes, while others had their wallets emptied from costly divorces.

So if you’re worried whether you have enough in your bank account for your gas bill to clear—well, you should probably be working instead of reading blogs. But also, take solace in the fact that there are some celebs who are poorer than you.

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Stephen Baldwin, brother of Emmy winner and "30 Rock" star Alec Baldwin, is the latest celebrity to fall victim to the recession.

The I'm A Celebrity... Get Me Out Of Here star filed for bankruptcy on Tuesday, after landing in more than $2.3 million worth of debt.

Baldwin filed for Chapter 11 protection claiming he is millions in debt, but only owns a property worth $1.1 million. His wife, Kennya Baldwin, is also named in the filings.

According to reports, he owes $1.2 million on two mortgages on the property and more than $1 million in taxes, as well as $70,000 in credit card debt. Don't these stars have money managers?

It's strange to think that average people with good money management skills actually have more money than most celebrities.

We're only hearing about Stephen's money problems because he had to file for bankruptcy, but there are so many more celebrities that don't have a dime to their name. Makes you wanna save your pennies!
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Last week Daniel Baldwin was voted off I'm A Celebrity…Get Me Out Of Here, and this week his brother Stephen Baldwin reportedly walked off the show, citing health reasons for his departure.

Although he claims that he left due to "health reasons," Daily Fill is reporting that Stephen actually left because his house is being foreclosed.

Earlier this week Stephen's rep addressed the foreclosure rumors telling People magazine, "Stephen is presently going through a legal situation regarding his mortgage and that situation is still in process.

"No auction will be happening and all things related to this matter are being handled by his legal representation."

According to reports, him and his wife are being evicted from their 1.4-acre Rockland County, N.Y. home. Guess celebrities aren't safe from the recession either!
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What is wrong with Stephen Baldwin?! He’s a grown man, and won’t stop meddling in teenage affairs. First, he goes and gets a tattoo of HM on his shoulder in honor of Hannah Montana, aka Miley Cyrus, and now he’s dissing Selena Gomez! What a loser!

The tattoo was inked in exchange for Stephen hoping to land a cameo on Hannah Montana. And in what seems a desperate attempt for Miley’s approval, Stephen is now publicly dissing Miley’s “rival,” Selena Gomez.

Stephen told reporters on Tuesday that Selena wasn’t “cool” enough to have her name tatted on his body, saying, “No, not her. She’s not cool. No Selena here.”

Who’s his next victim, Demi Lovato?! Give it a rest, Stephen!
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Stephen Baldwin fans can rest easy knowing that he's not going anywhere.

On a Fox News interview before the election, Stephen threatened to leave the country if Barack Obama was elected as our next president.

Now he's changing his tune and told Page Six: "The liberal Democrats who didn't get that I was joking need to lighten up. Obama is obviously talented and intelligent, and I have great respect for the man. He's got my full support, and I'm gonna be praying for him and his administration."

Adding to his political commentary, he said, "If they legalize gay marriage in all 50 states in my lifetime, I'll get a Billy Ray Cyrus tattoo on my butt to go with the Hannah Montana one."

If that's the case, then we can't wait to see him get that second tattoo.

What is going on with the Baldwin brothers? Earlier today we reported that Daniel Baldwin quit the show “Celebrity Rehab” and now word comes that on Thursday his brother Stephen Baldwin is gonna ask Donald Trump to resign from the show, Celebrity Apprentice.

Quitting is for losers!

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