Baldwin Declares Bankruptcy, Saving Home from Foreclosure

Actor Stephen Baldwin, whose property at 71 Old Mountain Rd S, Nyack, NY was in foreclosure and was to go up for auction today , has instead filed for bankruptcy , according to ABC News. This means Baldwin will “… retain ownership of the 1.4-acre Old Mountain Road home , which they purchased in 1997 for $515,000, as bankruptcy proceedings go on,” according to LoHud.com. Baldwin has recently appeared as a contestant on TV’s I’m a Celebrity … Get Me Out of Here! See more celebrity foreclosure news .