It’s an old story by now: An actor makes it big, starts raking in piles of money, spends it foolishly, goes into debt and winds up declaring bankruptcy. It’s as much of a Hollywood ending today as a classic movie kiss. The latest celeb to go broke is actor Gary Busey, who filed for Chapter 7 bankruptcy last week. Papers show that he has less than $50,000 and debts of up to $1 million. The 67-year-old Busey has appeared in dozens of films over the past several decades and was a regular in shows like “Gunsmoke” and “Walker, Texas Ranger.” But over the years, Busey mishandled his finances and now owes money he can’t pay to the IRS, the UCLA Medical Facility, Wells Fargo and others. According to a statement by Busey’s manager, the bankruptcy follows “past unfortunate choices, associations, events and circumstances that visited themselves upon this great American icon.” Busey, of course, is just one in a long line of celebs who have managed their money so poorly that they’ve had to file for bankruptcy. Here are 10 of the most notorious.
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