Gary Busey files for Chapter 7 bankruptcy protection

[MyWorld]

LOS ANGELES, Feb 8 (TheWrap.com) - Apparently, taking part in "Celebrity Wife Swap" wasn't Gary Busey's ticket to financial security. "Lethal Weapon" star Busey filed for Chapter 7 bankruptcy Tuesday, revealing debts that far outweigh his assets. In the papers, the actor -- born William Busey -- indicates that he has $50,000 or less in assets -- while his liabilities are somewhere in the $500,000 to $1 million range. Busey, 67, lists various lawyers, the IRS, Wells Fargo bank, Santa Monica UCLA Medical Center, and a storage company as entities that he might owe money to. ...