Gary Busey - Gary Busey's Bankruptcy Case Closed

Embattled actor Gary Busey has officially been freed from over $57,000 (£35,625)-worth of debt after filing for bankruptcy earlier this year (12).

The Lethal Weapon star, who has been struggling with financial problems in recent years, declared he was broke in February (12), claiming he owed more than $500,000 (£312,500) to various creditors, including banks and medical facilities.

He struck a deal with court officials and was allowed to keep his assets, amounting to $26,000 (£16,250), as long as he enrolled in a money management course.

Busey completed the classes, and on 26 November (12) he was discharged from his bankruptcy.

However, the veteran actor is still in financial trouble - according to Tmz.com, he owes America's Internal Revenue Service $451,297.33 (£282,060.83) in unpaid taxes, which were not eligible to be cleared through bankruptcy.

But Busey, 68, doesn't appear to be too worried about the tax debt. He tells Tmz, "When you have too much, it's a good feeling to let go. My new hobby is just breaking even."


Contactmusic

Tags: Gary Busey

Advertisement

More Gary Busey

Gary Busey and Emma Willis on 'Celebrity Big Brother': Most Awkward TV Moment of the Year?

Gary Busey made one of the most memorable Celebrity Big Brother entrances ever when the new series launched last night on Channel 5.The 70 year...

Bounty Killer Movie Review

Like a spoof mash-up of Mad Max and Machete, this nutty action movie throws us into a Wild West dystopia with enough wit and energy...

The 10 Greatest Christmas Horror Movies To Watch This Season

As we plunge ever deeper into the sickly sweet realms of the festive season, resplendent in its gaudy, glittering and gluttonous glory, you may feel...

Barking Mad: Embarrassing Exit For Gary Busey On Celebrity Apprentice

When entering a celebrity reality show, the first thing your press officer would tell you is ‘nothing silly’. And they’d be right, but Gary Busey...

Advertisement

Mike Busey Arrested For Selling Liquor At His House Party

Mike Busey was arrested on Friday night (December 21, 2012) after his neighbours got sick of his wild party and called the cops. The son...

Celebrity Apprentice Line-Up Revealed: The Busey Is Back!

The Celebrity Apprentice has revealed its cast for its forthcoming new series. Donald Trump returns to host the show and there are fourteen "celebrities"...

Gary Busey Dispenses Words Of Wisdom To Photographers

American actor Gary Busey (Lethal Weapon; Fear and Loathing In Las Vegas; Predator 2) leaves Cafe Roma after having lunch with his girlfriend and their...

Carried Away (1996) Movie Review

It's not every day we get full frontal nudity from Dennis Hopper and Amy Irving -- much less in the same scene. And thank God...

Advertisement

Comments

Gary Busey Newsletter

Subscribe to this news alert service to receive news and reviews on Gary Busey

Unsubscribe | Unsubscribe All