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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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Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6
76.

buzz kill    

Looks pretty happy for a guy with no money.

955 days ago
77.

buzz kill    

Hey buddy got a dime?

955 days ago
78.

PokerStar    

Only in America you can owe debts, go on national tv and get paid for it and then file bankruptcy and not pay one dime to your creditors. I wonder what went through his debtors minds when they saw him on Celebrity Apprentice, in his movies and knowing he owes them money from past debts?
THIS is one reason why we have such a high national debt.

I guess Gary expects us middle classers to pick up his slack for him since he can't seem to manage his money properly.

The judge should remove his name from his residuals on all of his tv work and replace it with the American Taxpayer until his bankruptcy, attorneys, court case and any other debt he owes is paid in full, including late fees and interest rate.

955 days ago
79.

NICOLE    

MOST OF THE COMMENTS THEY ARE SO DISGUSTING!!! WOW. IS THIS THE AMERICAN SOCIETY? OMG! WHAT A SHAME!I MET GARY BUSEY TWO TIMES FOR A CHARITY FUNDRAISER. HE WAS SUCH A NICE PERSON AND ALWAYS ABLE TO HELP! YES, HE IS NOT 100% STABLE BECAUSE HIS ACCIDENT BUT HE IS MUCH BETTER PERSON THAT ALL OF YOU.

955 days ago
80.

bunny    

That's the LAST thing a person parked in a handicapped spot should be doing.

955 days ago
81.

katy    

Get the F out of the handicapped parking spot!!!

955 days ago
82.

Charlie miller    

Why was he parked in a handicapped spot if he was able to dance?

955 days ago
83.

cheryl    

Is Gary parked in a handicaped parking spot????

955 days ago
84.

Diandra    

This is so sad. What potential he once had. How does this happen? Disappointments or unable to cope? No moral backbone? Maybe he needs to discover religion or faith or something. He really needs help.

955 days ago
85.

terry j vey    

Cmon he was in 70 movies?

955 days ago
86.

cdvbg    

Burger Burger!
CLoud 9 has nothing on Cannabis!

955 days ago
87.

jerome    

Gary Busey is parked in HANDICAPPED parking. Really?

954 days ago
88.

Andrew    

What a clown. And what is really funny is the guy is parked in a handicap spot and dancing around.

954 days ago
89.

Joseph Pearl    

Being a Bankruptcy Attorney, I am never surprised by stories like this. Actor Gary Busey filed for Bankruptcy in Los Angeles last Tuesday. Busey has listed more than $500,000 in debts on his bankruptcy schedules.

Joseph S. Pearl, LL.M. - A Professional Law Corporation
1400 Chester Ave., Suite C
Bakersfield, CA 93301
661-281-0253

945 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6

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