Actor Gary Busey is in almost a half million dollars worth of debt, this after he declared bankruptcy.
The Good & The Bad
The Good News: Broke ass actor Gary Busey officially closed his bankruptcy case this month!!!!
The Bad News: Despite wiping over $50k in debt from his name — he’s still in the hole OVER $450,000.
According to legal docs, Busey — who filed for Chapter 7 back in February claiming he owed over $500k to creditors — was discharged from his bankruptcy on November 26.
As part of the deal … Busey got to keep all his assets (all $26k worth of them) and was able to free himself of $57,303.63 worth of debt to various creditors … like banks, utility companies and doctors.
But the good news stops there … because according to docs Gary still owes $451,297.33 in state and federal taxes, which FYI — are NOT eligible to be cleared.
Translation: Gary’s case is closed — but he’s still got MAJOR money problems.
Gary Is Just Trying To Break Even at This Point
And we reached out to Gary, who tells us, “When you have too much, it’s a good feeling to let go. My new hobby is just breaking even.”
