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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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46.

matt    

After all those years and movies, I wonder how many of his LA/Hollywood "friends" will come to his aid?

927 days ago
47.

Star Whacker    

Too bad you can't plead insanity in a bankruptcy! He'd win for sure!

As for me, I kind of love his craziness. Ignorance truly is bliss!

927 days ago
48.

deanne    

DANCING WITH THE STARS....HERE I COME!!!!

927 days ago
49.

pokerdiva    

Anyone noticed he was parking in a handicap parking space, but dancing like a fool for the cameras.

927 days ago
50.

Dave    

Obama's always looking for people of Gary's intellect to join him.

927 days ago
51.

Johnnydeath    

If you dont feel sorry for him your an *******. He had a head injury years ago and has never recovered. People have drug problems also.. that dont give anyone the right to not feel sorry for him.

927 days ago
52.

Randy    

For someone parked in a handicapped parking spot... he sure can move. Did anyone notice that?

927 days ago
53.

Cheryl A.    

Doesn't matter if you file bankruptcy, the IRS is NOT included and you have to pay your taxes.

927 days ago
54.

Kev the Realist    

Can anyone tell me WHY he is parked in a HANDICAPPED SPACE????? Why didn't the TMA camera man ask him. Or are Celebrities in LALA land also allowed to park whereever they please.???

927 days ago
55.

Different Rules Apply    

B.S. Check his Swiss bank accounts. Absolutely ridiculous how these millionaires end up with nothing.

927 days ago
56.

Simone    

Perhaps if he and his fame whore wife didn't pay a doctor for a handicap placard maybe he would have a few extra dollars.

..

DISGUSTING watching Busey gyrate all around while parked in a HANDICAP SPOT. Then to see the only reason they parked there was so that the FAME WHORE wife could go shopping.... DISGUSTING PEOPLE.

927 days ago
57.

Durp    

Gary Busey has got to be the craziest/dumbes mother****er alive.

927 days ago
58.

rosebud    

what a wasted piece of **** ,the wrong people get all the money,these overpaid celebrities are the worst,I dont feel bad for him at all,there are children in this country sleeping in cars and going to bed with empty stomachs ,and this guys telling everyone hes broke.shut up,you self centered *******.

927 days ago
59.

Tommy    

How can anyone blame this poor bastard. He has the brain of a 7 year old boy. Hey B... I'll give you $500 for your guitar collection and also buy you an ice cream cone...

927 days ago
60.

Bonkers    

Read the previous comments before you comment please. How many "it went all up his nose comments" need to be posted. yep...one.

927 days ago
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