TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Gary Busey

Files for Bankruptcy --

I'm Really REALLY Broke

2/8/2012 8:33 AM PST BY TMZ STAFF

Gary Busey -- who's starred in more than 70 movies -- is bankrupt
Gary Busey -- who's starred in more than 70 movies -- has less than $50,000 to his name ... and more than $500,000 in various debts ... this according to official documents obtained by TMZ.

67-year-old Busey filed for Chapter 7 bankruptcy in California yesterday. Busey checked the box showing he has less than $50,000 in assets ... and somewhere between $500,000 and $1,000,000 in various debts.

In the docs, Busey indicates he might owe money to everyone from the IRS ... to various lawyers ... UCLA Medical Center ... Wells Fargo ... L.A. County Waterworks Districts ... and a storage company.

He also notes that he might owe money to a woman named Carla Loeffler, who sued Busey for allegedly attacking her at a Tulsa airport back in May.

Interestingly, we shot Gary out in Malibu on Monday -- a day before he filed -- and he didn't seem all that fazed by the whole bankruptcy thing ... dancing his face off in a parking lot.

video platform video management video solutions video player

A rep for Gary tells TMZ, "Gary's filing is the final chapter in a process that began a few years ago of jettisoning the litter of past unfortunate choices, associations, circumstances, and events."

100 COMMENTS

No Avatar
16.

MP    

This man has most likely made more money in his life than the average American can only dream about. I don't really feel sorry for him or his money issues. Live within your means.

927 days ago
17.

Mumra the Ever Living    

OK kids - take a good look at the former Hollywood star who never met a drug or hallucination he didn't like.

927 days ago
18.

Criss    

I kinda feel a little bit bad for the guy. It's real easy to be all judgmental, and I prefer not to.

927 days ago
19.

the artist formerly known as hand turkey    

Leave Gary alone.

927 days ago
20.

Johnny Carcinoma    

Well, that answers that question. At least he has a newish Volvo and a new baby to support.

927 days ago
21.

jack-55d79    

Seems odd. I can remember seeing him in a couple of episodes of High Chaparall (a Swedish interview show) and he didn't seem remotely extravagant by celebrity standards. So I have to wonder whether it was some 'bad investments' (given his post accident brain injury challenges) or if he's been ripped off, or even both. I feel sorry for him, even if I think he's probably very difficult to be around sometimes.

927 days ago
22.

Johnny Carcinoma    

This is what happens when you ride a motorcycle without a helmet and crash.

Broken bones will knit, broken brains will not.

927 days ago
23.

wenzy    

COME ON TMZ...I SAW THE VIDEO AND HEARD ALL YOUR COMMENTS YET NOTHING WAS SAID ABOUT HIM BEING PARKED IN A HANDICAP ZONE!! UNLESS HIS BRAIN DOES THE WALKING FOR HIM HE SHOULD GET FINED!

927 days ago
24.

Mimi    

IS HE IN A DISABLED PARKING SPOT!?!? What the hell?? He's not disabled and I'm pretty sure he's parked in a disabled parking spot.

927 days ago
25.

fargone    

Maybe being a skitziod qualifies him for a handicap parking space.

927 days ago
26.

jack-55d79    

People having a dig at him for his parking space are very ill-informed about brain injuries. Just because he is mobile do not assume he isn't in pain or that finding his car isn't a problem for him. Neuropathic pain, among other side-effects, may be entirely invisible. Cognitively it may be quite difficult to find his car if parked with other potentially similar cars as a result of his injuries, having it in a handicapped spot may be really important for that reason. This is why professionals make such judgements rather than armchair quarterbacks.

927 days ago
27.

dbs    

That was so awesome!!

927 days ago
28.

cregis    

Well,he did crack his skull in that motorcycle accident and he wasn't wearing a helmet.

927 days ago
29.

Joe M.    

Hay Guys, I watch your shows all the time keep up the great interviewing. On another subject: Ques: Is Busey "Disabled" too? I see that he's parked in a disabled slot. If he's not I think your interview clearly can be submitted to the local P.D. for violation of the CA parking laws.(smile) P.S. Yes, I'm disabled my self.

927 days ago
30.

Joe M.    

Hay Guys, So is Busey "Disabled" too? I see that he's parked in a disabled slot. If he's not I think your interview clearly can submitted to the local P.D. for violation

927 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | Most Recent | Next 15 Comments

Around The Web