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Gary Busey Is Bawling Broke: Files For Bankruptcy

Wow! Is Gary Busey really broke??

According to reports, the 67-year-old actor who has starred in more than 70 movies recently filed for bankruptcy.

In the Chapter 7 suit filed yesterday in a California court, Busey checked the box showing that he has less than $50,000 in assets and has accumulated between $500,000 and $1,000,000 in debt.

Also indicated in the court papers, is the various companies the Hollywood actor owes. He’s in debt to the IRS, various lawyers, UCLA Medical Center, Wells Fargo, L.A. County Waterworks Districts, and a storage company.

The Point Break star’s manager Ron Sampson wrote in a statement that, “this provides him [Busey] with a new and clear path to personal and career success. 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.”

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