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Gary Busey files for Chapter 7 bankruptcy

By Jean Bentley

February 8, 2012 2:29 PM ET

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Bad news for former "Celebrity Apprentice" contestant Gary Busey -- the actor filed for Chapter 7 bankruptcy in California on Feb. 7.

According 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."

Busey, who has starred in more than 70 films, was last seen on ABC's "Celebrity Wife Swap," where he switched lives with disgraced pastor Ted Haggard.

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