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Gary Busey

I Graduated From Debt School!

3/16/2012 3:20 AM PDT BY TMZ STAFF

Broke ass Hollywood legend Gary Busey has officially passed the most important test of his life -- an online financial management course -- in an effort to convince a U.S. Bankruptcy court he'll stop blowing his cash on useless crap.

TMZ broke the story ... Gary recently filed for Chapter 7 bankruptcy in federal court in L.A. ... claiming he has more than $500,000 in debts ... and only a bunch of crappy assets to his name ... including 5 pairs of old moccasins, 2 small decorative teepees and 300 VHS tapes. 

Before the court will sign off on the perks of bankruptcy ... Gary was required to complete the finance class ... and he PASSED with flying colors!

According to the docs, Gary earned his official Certificate of Debtor Education on March 5, 2012 ... at 5:12 PM ... which means he's officially on the road to financial recovery. 

Now, Gary faces the same challenge as most graduates ... finding a job.

A rep for Gary tells TMZ, "Gary is excited for this fresh new start and wants to be an example for Americans all around that you can recover very quickly. Remember ... the Buseyism for Bankruptcy is: Bringing A New Knowledge Regarding Understanding Past Tribulations Concerning Yourself."



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Breaking news.....The test is very very easy and lame.

951 days ago


He's still bat **** crazy. Please, no more "Buseyisms". That's just a whole lot of mumbo jumbo from a warped mind.

950 days ago


Good luck, Gary. The two courses are quite helpful and educative.

950 days ago


This is such a farce. I work for a bankruptcy attorney. How did he ever pass the means test in order to file? This is what is wrong with this country. Someone who is truly needing to file bankruptcy is raked over the coals by the bankruptcy court, with threats to sell their property and humiliating questions on can they afford the most necessary things like a $10,000 car to take them to work.

Then walks in someone like Gary Busey or Toni Braxton. They should never be allowed to file Chapter 7.

950 days ago

James R. - Los Angeles    

I can find no sympathy for Mr Joshua.

950 days ago


Why do you guys continue to report on this guy?? He has seriously lost all of his marbles!!!!!

950 days ago

Jay W.     

Now Gary... don't forget to wear your helmet !

950 days ago


Awww come on guys admit it, Gary Busey is kind of funny, working all that brain damage to his advantage. He always makes me laugh. Good luck Gary.

950 days ago


#23 is my fave, can't duplicate that!!!

950 days ago


I agree Jody.I talked to an attorney,and he nearly laughed in my face.

949 days ago


Where (or if) these schools fall in the News rankings is of little concern. What matters is how a student's debt compares to her/his potential and probable earnings, as a percentage of net income. A chemical engineer with $40k debt is a very different thing than a BA in art history with the same online pay day loans online. That's just numbers, not a judgment statement. (And I say with with an MFA in painting.)

629 days ago


It is very difficult to study for me also. All my time I spend in reading books and learning new information. It was really not easy to save scholarship and now I hope that my future job will cover these loans via internet.

147 days ago

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