Gary Busey: Nearly Broke, Filing For Bankruptcy

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Occasionally troubled actor Gary Busey has less than $50,000 to his name and more than $500,000 in various debts, according to his recent bankruptcy filing.

Despite starring in more than 70 movies and a bunch of TV shows in his career, the 67-year-old Busey filed for Chapter 7 bankruptcy in California yesterday.

On the paperwork, Gary checked the box showing he has less than $50,000 in assets and is somewhere between $500,000 and $1,000,000 in the fiscal hole.

Warm Up the Busey

Busey indicates he may owe money to the IRS, 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 trampling her en route to an airport gate in Tulsa.

No word on how Gary has so little money to his name after decades as a working actor, but cocaine futures have really skyrocketed of late, so that can't help.


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Gary Busey Biography

Warm Up the Busey
Gary Busey is an Academy Award- and Golden Globe Award-nominated film and stage actor. He has appeared in a number of notable films,... More »
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Gary Busey