The producer behind The Blair Witch Project has filed for bankruptcy after racking up debts of more than $130,000 (£81,250).
Kevin J. Foxe has just $900 (£562) worth of assets to his name, according to a legal filing lodged in a California bankruptcy court earlier this month (Apr12) and obtained by
Foxe, who was also associate producer on sequel Book of Shadows: Blair Witch 2, claims he owes creditors a total of $132,724 (£82,952), including a $60,214 (£37,630) tax debt owed to the Internal Revenue Service.
The 1999 horror hit The Blair Witch Project was hugely profitable at the box office after pulling in $248 million (£155 million) worldwide, while principal photography cost just $25,000 (£15,625).