Around last Xmas, I suggested the business pursuits of actor-turned-Xtreme Sports For Christ zealot / anti-porn crusader Stephen Baldwin were “on a collision course with those of Stephon Marbury”. As it turns out, I owe Starbury a huge apology, with the Wall St. Journal’s Peg Brickley confirming the depths to which Baldwin’s fortunes have sunk.

Early papers filed in the U.S. Bankruptcy Court in New York show no sign Baldwin will be using the “I’m a Celebrity, Get Me Out of Here” argument to untangle his affairs.

His bankruptcy petition says his Upper Grandview, N.Y., home is worth $1.1 million, but he owes $1.19 million on two mortgages. Big income tax troubles are also evident from the court filing, with $749,974 owed to the IRS on taxes as far back as 1999 and a $139,288 debt for unpaid withholding taxes, as well as $194,527 in unpaid state income taxes.

The youngest of the acting Baldwin brothers also has more than $70,000 in credit card debt to shake, according to court documents.

The filing lists no assets, other than the mortgaged-to-the rooftop house. Even Baldwin’s HM tattoo, which he agreed to get in a deal that allowed him to appear on Miley Cyrus’ show, is not listed as an asset.

Court papers are also silent on the born-again Baldwin’s ventures in Christian ministry, which began, according to Wikipedia, after the terrorist attacks of Sept. 11, 2001, and were supposed somehow to make money.