Gary Busey files for bankruptcy in Los Angeles

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By Associated Press

Summary

Court records show Gary Busey has filed for bankruptcy and is listing more than $500,000 in estimated personal debts.

Story Published: Feb 8, 2012 at 12:54 PM PDT

Story Updated: Feb 8, 2012 at 12:54 PM PDT

Gary Busey files for bankruptcy in Los Angeles

FILE - In this Dec. 8, 2009 file photo, actor Gary Busey arrives at the premiere of the feature film "Crazy Heart" in Beverly Hills, Calif. Busey filed for bankruptcy Tuesday in Los Angeles, citing more than $500,000 in estimated debts. (AP Photo/Dan Steinberg, file)

LOS ANGELES (AP) - Court records show Gary Busey has filed for bankruptcy and is listing more than $500,000 in estimated personal debts.

Busey's filing on Tuesday in Los Angeles provides few details but includes more than a dozen potential creditors.

The actor and reality show star does not state a reason for the filing. His manager Ron Sampson wrote in a statement the filing provides Busey "a new and clear path" to personal and career success.

The filing states the 67-year-old has less than $50,000 in assets.

Busey has starred in numerous films including "Point Break" and "Lethal Weapon" but has in recent years appeared more on reality shows such as "Celebrity Apprentice."

The filing was first reported Wednesday by celebrity website TMZ.

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