10 celebrity bankruptcies of all time
Busey joins a long line of celebrities who have gone bust. Some of the most famous: Randy Quaid (Bankrupt in 2000), Toni Braxton (Bankrupt in 1993 and again in 2010), Stan Lee (Bankrupt in 2001), Mike Tyson (Bankrupt in 2003), Donald Trump (Business bankruptcies in 2004 and 2009), Lenny Dykstra (Bankrupt in 2009), Stephen Baldwin (Bankrupt in 2009), Michael Vick (2008), Sinbad (2009); have utilized the strategic business tool called bankruptcy.
Actor and Celebrity Apprentice contestant Gary Busey filed for Chapter 7 bankruptcy just days ago. His liabilities are somewhere in the $500,000-to-$1 million range, according to a Reuters report.
Here’s a rather amusing take on the whole affair from Busey’s agent, as given to celeb site TheWrap:
“As with many great American institutions, i.e., General Motors, American Airlines, and many others who have utilized the strategic business tool called bankruptcy, Gary Busey’s filing is the final chapter in a process that began a few years ago of jettisoning the litter of past unfortunate choices, associations, events and circumstances that visited themselves upon this great American icon, to enable the start of a new and clear path to peace, happiness and success with his career and his wonderful new soulmate, Steffanie, and their son, Luke.”
Busey joins a long line of celebrities who have gone bust. Some of the most famous (and most embarrassing) include:
Randy Quaid (Bankrupt in 2000): Oh the irony. After making a film called The Debtors, starring himself and directed by his rather talent-deprived wife Evi, Quaid went broke. The decade ended with… continue reading
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