TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Gary Busey

I Graduated From Debt School!

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

0215_gary_busey_EX_01
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."

1116_gary_busey_faces_footer

11 COMMENTS

No Avatar

1.

YouDontSay    

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

765 days ago
2.

Regina    

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

764 days ago
3.

beachkid    

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

764 days ago
4.

Jody    

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.

764 days ago
5.

James R. - Los Angeles    


I can find no sympathy for Mr Joshua.

764 days ago
6.

Amber    

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

764 days ago
7.

Jay W.     

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

764 days ago
8.

Gretel    

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.

764 days ago
9.

debschira     

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

764 days ago
10.

Kevin     

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

763 days ago
11.

Jason    

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.)

443 days ago

Around The Web