Gary Busey Files For Bankruptcy

Gary Busey (Associated Press)
Gary busey ap
Gary Busey (Associated Press)

Actor Gary Busey filed for Chapter 7 bankruptcy in California this past week.

The news broke by TMZ who noted that the 67-year-old seemed to be in high spirits just a day earlier, giving no inkling of his dire financial state.

But Tuesday, according to TMZ, Busey filed for Chapter 7 and revealed his financial status, checking the box showing he has less than $50,000 in assets and somewhere between $500,000 and $1,000,000 in various debts.

The debts, although not confirmed, can be attributed to lawyer fees and doctor fees, among other things.

Busey has suffered many legal issues in recent years.

In 1995, Busey was arrested for cocaine possession after being hospitalized for an overdose of cocaine and GHB. In 1997, he was accused of pushing a stewardess on a flight and in 1999, arrested following a fight with his wife.

The trouble with the law continued into the 2000s, when Busey was arrested for spousal abuse, sued by his landlord for allegedly refusing to pay his rent and arrested for showing up late to a spousal support court hearing.

In the 80s, Busey was in a serious accident, that changed his life. Reportedly, Busey was severely injured in a motorcycle accident in 1988 and suffered a brain injury weakening his mental “filters” and causing him to speak and act impulsively.

Busey, though clearly now on a rocky road, has had a very successful career in Hollywood. He’s best known for his appearances on Gunsmoke, Walker, Texas Ranger, Law & Order, and his award winning role in The Buddy Holly Story. Busey was recently featured on a slew of reality shows like Celebrity Rehab, Celebrity Apprentice 4 and Celebrity Fit Club.