Posted on Tuesday, February 14th, 2012 at 6:57 pm
Actor Gary Busey announced last week that he had filed for Chapter 7 bankruptcy, revealing a debt of $500,000 to $1 million.
The “Lethal Weapon” star, who recently took part in the reality show “Celebrity Wife Swap,” says he owes money to the IRS, various lawyers, Wells Fargo, UCLA Medical Center, and a storage company. A woman who filed a lawsuit against Busey last November for allegedly tackling her in an airport is also listed as a creditor.
According to the bankruptcy papers, he estimates his assets at $50,000 or less. Busey’s rep says the filing has been a years-long process and believes the filing will help him get his career and personal life on the right track.
If you would like to learn more about your rights and options when filing for Chapter 7 bankruptcy, contact the Chapter 7 bankruptcy lawyers of the Law Offices of Russell Van Beustring, P.C. at 713-973-6650.