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Stephen Baldwin Is Broke

Actor Stephen Baldwin has declared bankruptcy.

Court documents reveal that Baldwin is in debt for millions of dollars, reports Access Hollywood.

Papers filed Tuesday (July 21) in a New York federal court state that Baldwin owes $1.2 million on two mortgages for a New York property that is valued at $1.1 million.  The actor also owes one million dollars in taxes and has credit card debt totalling $70 000.

Baldwin’s lawyer did not make any comments regarding his client.