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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.

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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

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31.

Suzanne    

This is secondary to the point of the post, but what's with TMZ's use of "dancing his face off"? I have seen this expression multiple times over the last several months. As an east-coaster, maybe I'm missing some super-hip LA slang terminology, but I find it really quite annoying.

934 days ago
32.

Kari    

This guy is either on some major drugs, or has serious mental health issues. Sad.

934 days ago
33.

Virtual Insanity    

I saw him on Celebrity Wife Swap (don't judge...). His wife seems fairly grounded and real, relatively-speaking. They have a young son. I never liked Gary Busey until seeing him with his wife and son. He was really sweet and loving with them. He was also very respectful to the swap wife (who made Busey look sane). Anyway- I wish them well.

934 days ago
34.

able_walker    

Ah it's called...GO GET A JOB!

934 days ago
35.

Mabel Leaf    

AWWW...he was dancing and being goofy too make his baby boy laugh...I think he is very sweet.

934 days ago
36.

Kabala    

He's a real looser I mean loser

934 days ago
37.

radlad    

as a 5year wheelchair user I have found the handicapped parking permit greatlly abused. I understand not every handicap is visible however anyone that can dance in the parking lot and drive a car does not need a permit. as for making the car easier to find what is is wife excuse

934 days ago
38.

the artist formerly known as hand turkey    

Ah. Saying mean and hurtful things about people is a-ok, but parking in a handicap spot....well, that's just wrong.

934 days ago
39.

khawk    

Why is he parked in a handicapped spot??

934 days ago
40.

remy    

i wish i was a film director. i would totally hire this guy

934 days ago
41.

MilwGuy    

He's pretty mobile for a guy parked in a handicap parking space

934 days ago
42.

Nikkidiva    

So sad...this once great talent has been severely damaged by his accident. The result is extremely peculiar behavior that is no different from that of athletes or others that have sustained intense head trauma. His is more public, that's all...thanks to nosy snoops.

934 days ago
43.

aw    

And with those dance moves, why is he in the handicap parking space?

934 days ago
44.

O_o    

alright. we need to get a gary busey fund together...cuz that man canNOT disappear. he's too great. seriously. tmz, start a fund. call it gary busey's broke a$$ fund. i'll definitely donate.

934 days ago
45.

Cam    

wow, people sure are harsh when talking about Busey. Try to remember, he suffered a major brain injury. I think hes a cool, "interesting" guy. Hope he can get things together.

934 days ago
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