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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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1.

TiltDogg    

He could always work birthday parties. Kids would think his crazy A$$ is hilarious!

886 days ago
2.

Sin D    

Well duh...it went up his nose decades ago

886 days ago
3.

feebee    

I hear Arnold still needs a new housekeeper !

886 days ago
4.

charley    

Makes you think about all that money you wasted on drugs....i dont feel sorry for this idiotic jerk...just another loser in hollywood that thought the money and roles would always be there......get a real phkn job you drug induced idiot!

886 days ago
5.

Shawn    

millions of dollars of cocain went up his nose !

886 days ago
6.

charley    

and is his like Toni Braxton...who filed bankruptcy twice and each time she did went on to but a Mansion....does that sound bankrupt to you! Just another way to get out of lawsuits and your financial responsibilty...then you buy more and file again in a few years.....what azz oles?

886 days ago
7.

Josh    

Anyone who doesn't like this guy's free spirit is simple an ahole.

886 days ago
8.

Good riddance!    

I don't doubt this. One of my very good friends had a similar head injury years ago and while he functions generally very well, his entire decision making process is still a bit off and some of his social filters are often out of whack. I see very similar things in Busey and I imagine that like my friend, sometimes he could use a professional voice or at least a friend in his corner to point out a few things. Plus, it's not like Busey has a lot of plum acting roles to choose from these days.

886 days ago
9.

RayVen    

His best movie http://www.amazon.com/gp/product/B00188CBX2/ref=as_li_ss_tl?ie=UTF8&tag=wacwilwei-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=B00188CBX

886 days ago
10.

Delaware D    

This idiot endorsed Donald Trump for President last year.

886 days ago
11.

JiLL1    

Bet it all went up his nose

886 days ago
12.

Sandra     

Could care less about this ass!

886 days ago
13.

John T    

Why is he parked in a Handicap Zone? Does he have other issues other than mental ones? He obviously can move around very easily and his wife walked up without assistance.

886 days ago
14.

Lets Hope the Mayans Are Right    

Maybe he can start slutting around on the reality TV circuit to make some extra cash... oh, that's right... done that already.

886 days ago
15.

Muppet    

Apparently his wife can't manage money either then. We all know he's had problems since his accident but shouldn't she be able to handle things? When he wasn't getting movie offers why not cut back on the lifestyle? Someone should've told him years ago, you don't continue to eat steak on a bologna wage!

886 days ago
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