Bad news for former
-- the actor filed for Chapter 7 bankruptcy in California on Feb. 7.
to TMZ, which got its hands on the official court documents, Busey has less than $50,000 but more than half a million dollars in debt (though less than $1 million). He reportedly owes money to lawyers, UCLA Medical Center, Wells Fargo and the IRS, among others.
He's also got a pending lawsuit from a woman who sued him for attacking her at an Oklahoma airport in May of 2011.
Busey's rep tells TMZ, "Gary's filing is the final chapter in a process that began a few years ago of jettisoning the litter of past unfortunate choices, associations, circumstances and events."