Actor Gary Busey officially closed his bankruptcy case this month. Despite wiping over $50k in debt from his name, he is still in massive debt over $450,000.
As part of the deal, Busey got to keep all his assets (all $26k worth of them) and was able to free himself of $57,303.63 worth of debt to various creditors, such as banks, utility companies and doctors.
The bad news is that - according to documents - Gary still owes $451,297.33 in state and federal taxes, which are not eligible to be cleared.
If you wonder what Busey says about his money problems, Busey reveals: "When you have too much, it's a good feeling to let go. My new hobby is just breaking even."
What do you think? Will Gary Busey get rid of his massive debt?
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