The word on the Hollywood grapevine is that Kevin P. Foxe, executive producer of “The Blair Witch Project” has filed for bankruptcy!

He claims he has no more than $900 to his name, with debts of $132,000 and has filed for Chapter 7 earlier this month.

Foxe says he has $100 in cash, $600 worth of household goods and clothing, and $200 in incedentals totalling $900.

The biggest thing to come out of this is that “The Blair Witch Project” was one of the most profitable movies EVER, based on return on investment $248 MILLION worldwide.