Dumb Baldwin, (a.k.a. "Stephen") after reportedly being on the verge of losing his home while having mosquito larvae implanted under his skin in Costa Rica filming "I'm a Celebrity ... Get Me Out of Here!," has filed for Chapter 11 bankruptcy with his wife Kennya.

Apparently the Baldwins' Upper Grandview home is worth $1.1 million, but they owe the bank $1.19 million and have outstanding debts of $890,000 to the IRS, $194,527 in unpaid state income tax and more than $70,000 to the credit card companies.

Their foreclosed-upon home was scheduled to be auctioned off Wednesday, according to the Lower Hudson Journal, which reported earlier this month that Baldwin was granted a 30-day postponement while he explored ways to make good on his defaulted mortgage. (Source)

On the bright side, this should make him a shoe-in for NBC's next big reality sensation: "I'm a Celebrity ... Spare Change For a Sandwich?" See now, you just gotta make lemonade out of those lemons. Well, if the bank doesn't repossess your pitcher, anyway.

Dumb Baldwin opening a "Planet Smoothie" in NYC's Penn Station back in May: (Hee!)