Blair Witch Project Producer is Broke

04/13/2012
. (TMZ) 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 P. 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. more on this story

TMZ submitted this story.
Copyright TMZ - Excerpted here with permission.

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