Gary Busey Going Bankrupt

By Ikam Acosta

Film and television star Gary Busey is headed for the poor house. Sources say he has accumulated over $500,000 in personal debt over the last few years.

Busey is reported to have less than $50,000 in assets, despite having starred in blockbuster films such as Point Break and Lethal Weapon, as well as lesser-knows campy horror flops like The Gingerdead Man (I kid you not. Watch Gary Busey play a murderous gingerbread man. You won't be disappointed).

The zany actor filed for bankruptcy on Tuesday in Los Angeles, providing little more detail than the few dozen creditors he listed. While he does not provide a detailed explanation of why he is filing for bankruptcy, his manager shared that this move on Busey's part provides him "a new and clear path to personal and career success."

Maybe he should have done more episodes of Celebrity Rehab or Celebrity Apprentice in order to keep that income rolling in. This could pose as a positive for Busey fans, however. Maybe he'll be strapped enough for cash to make more episodes of I'm With Busey. Let's keep our fingers crossed!

Do you think Gary Busey should keep making more television shows?

Tags Blogger: Ikam Acosta, Celebrities, Gary Busey