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'Blair Witch' Producer

Files for Bankruptcy --

I Have $900 To My Name

4/13/2012 4:00 AM PDT BY TMZ STAFF
EXCLUSIVE

0412_blair_witch_logo
The executive producer of "The Blair Witch Project" has filed for bankruptcy -- claiming he has a mere $900 to his name ... and he's drowning in $132,000 of debt.

Kevin J. Foxe filed the Chapter 7 papers this month in bankruptcy court in California -- claiming he owes a laundry list of creditors a grand total of $132,724 ... the largest chunk of which is in unpaid taxes due to the IRS ($60,214)

As for his assets -- Kevin says he has $100 in cash on hand, $500 worth of household furnishings, $100 worth of personal clothing, and $200 in sporting equipment (bicycles, soccer balls, etc.) ... $900 total.

It's pretty shocking -- considering "Blair Witch" is one of the most profitable movies EVER based on return on investment. The movie's principal photography cost a mere $25,000 ... and it went on to make $248 MILLION worldwide.

Foxe has produced over ten projects since the 1999 hit. It's unclear what went wrong.

Foxe had no official comment.

40 COMMENTS

No Avatar
16.

Anonymous    

What a REALLY bad moive that was.

894 days ago
17.

bigred    

went up his nose or vegas

894 days ago
18.

gossipgirl86    

IDIOT!

894 days ago
19.

Caleigh    

What happened is he spent his money like a drunk ho.

894 days ago
20.

aholesrus    

Went up his nose or vegas hookers

894 days ago
21.

michellemoreytmz    

i have more money than a producer... yesssss

894 days ago
22.

Mumra the Ever Living    

Went up his nose.

894 days ago
23.

ragu4u    

I'll tell ya what went wrong. Wine, women & drugs.....DUH!

894 days ago
24.

BrittaniPal    

It's pretty shocking -- considering "Blair Witch" is one of the most profitable movies EVER based on return on investment. The movie's principal photography cost a mere $25,000 ... and it went on to make $248 MILLION worldwide.

http://www.madisonflowers.info/

894 days ago
25.

Tesla_Consulting    

"It's unclear what went wrong." That's journalism. 'Drugs' is an opinion.

894 days ago
26.

brent    

i bet there is property in another person's name or stacks of money somewhere. most rich people aren't really that dumb, are they?

894 days ago
27.

Michelle    

He probably gambled it all away or something

894 days ago
28.

D    

Its called investing your own money in projects thinking lighting will strike twice. I have worked with this guy in the past and lets just say he is not the bright bulb in the bunch and as luck will have it he was in the right place at the right time with one of the big surprise projects EVER in front of him!!! He should have considered himself lucky and walked away, instead he believed he was brilliant and kept gambling.

894 days ago
29.

billybob    

If you do not want to pay your taxes, let your money go to hell somehow paranormal...

894 days ago
30.

anazita    

What a spaz.

893 days ago
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