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Gary Busey Files For Bankruptcy But He Does Have A Lot Of Junk

| Filed under: Legal MattersGary BuseyBusiness Blitz

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Gary Busey has filed for Chapter 7 bankruptcy but what he lacks in money, he makes up in junk.

The actor says that he owes over $500K in debts and he only has $26K in assets, including a 7,000 security deposit with his landloard.

Half a million dollars in debt? That's rough.

But he does list his assets which include the following:

300 VHS tapes, 100 DVDs, painting of an Indian,
rollerblades, broken drum sets, guitars,
old bow and arrows, other Native American stuff,
boombox, 50 books, 200 cassettes

The list goes on and on. Gary goes even further with his financial woes, stating that he makes 19K a month but spends 22K a month on living expenses and his son's daycare.

Gary's pretty strapped for cash. We'll see what happens after the bankruptcy.

[Image via WENN.]

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4 comments to “Gary Busey Files For Bankruptcy But He Does Have A Lot Of Junk”

  1. Relly says – reply to this


    1

    He makes $19,000/month and he's strapped for cash?! Sounds like it's time to downsize.



  2. 2

    $19,000 a month is plenty enough to live on AND pay your bills. WTF Gary?



  3. 3

    I could live on 19000 per YEAR - make a lot less on Social Security.



  4. 4

    I love Gary Busey! I would be more than happy to clean out my junk and add to his list of assets to help him out from filing bankruptcy. I can personally donate a pair of salt and pepper shakers (a matching pair mind you) and a half empty jug of antifreeze (although in Gary's case it would always be half full). I would propose to start a petition to the E! channel to replace Keeping Up With The Kardashian's with a new show titled "Look E! What I Can Do" staring the entertainment genius of Gary Busey. I would much rather watch him say…take a surfboard through a car wash than watch Kim get a reading from John Edward. Only he could get a shampoo and blow dry in L.A. for under $20 and make it look fun! I'm sure he'd opt for no hot wax unlike Kim. I would give anything to see him in a Hawaiian shirt and sandals parked in a lawn chair describing items in his garage sale and how they could be utilized. Come on E! Help a good guy like Gary get back on his sandaled feet again! Who's with me on this? Let's give Gary some love!