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Jake's Parents Broke, Need Bailout

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Nov. 25 2008, Published 8:08 a.m. ET

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Jake Gyllenhaal and his sister, Maggie Gyllenhaal, may be famous actors with equally A-list squeezes, but it looks like their parents haven't been reaping the benefits of their children's success.

According to divorce documents obtained by TMZ, Stephen Gyllenhaal and Naomi Foner are in deep financial trouble. The couple, who separated last January, apparantly acquired some serious debt during the course of their marriage, including mortgage payments, home equity lines of credit against their two homes, several credit cards and "various outstanding loans."

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Naomi, a screenwriter, says she had to take out a loan during the writer's strike because she had no money coming in.

Gyllenhaal allegedly told Foner of their finances, "I have been clear that if worse comes to worse, I will let all of this collapse into ruin, just as I believe letting the markets crash and burn are the right approach." 

Uh huh. How about just asking your kids for help?

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