How many decades will it take for Under Siege and Point Break to earn Gary Busey a half mil in residuals!?
That's a question only he and his accountant can answer, though we wouldn't be surprised if they aren't on speaking terms these days!
After declaring bankruptcy in February and spending the last 10 months of his life begging the courts for fiscal mercy, the 68 year-actor found a small reprieve when the judge waved around $50k of his tremendous debt!
That's only a fraction of the problem, however — Gary still owes over $450,000 in state and federal taxes and those burdens will NOT be waived!!
We aren't sure what he might do next, but thankfully he remains in good spirits.
"When you have too much, it's a good feeling to let go. My new hobby is just breaking even."
His positive outlook is healthy, but breaking even is harder than it sounds when your books are so far in the red!
Good luck, Gary! You'll think of a solution!
[Image via WENN.]
Tags: 450k, back taxes, bankruptcy, business blitz, court case, gary busey, legal matters, money, point break, under siege