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Saturday, February 11, 2012

Gary Busey

Gary Busey

Gary Busey

The Oscar-nominated actor has reportedly filed for bankruptcy. Busey reportedly names the IRS, the UCLA Medical Center and a woman who recently sued himas his creditors.

Busey is the latest famous notable to find himself in financial distress. Read through our slideshow to see who else has lost it all.

Chris McAlister

Former Baltimore Ravens player Chris McAlister claimed last year he had to live with his parents despite signing a multimillion-dollar contract in 2004.
Heidi Montag and Spencer Pratt

The married former reality stars and tabloid staples (see photos) said in 2010 that they spent all of their money (how many millions?) and were living in Pratt's parents' beach house.
Scottie Pippen

The NBA Hall of Famer, who lost his money in bad investments and big purchases, left the courthouse in tears after winning $2 million in a 2010 lawsuit.
Sarah Ferguson

The Duchess of York, who has battled money woes for years, was caught on tape attempting to sell access (for how much?) to her royal ex-husband to an undercover reporter.
Nicolas Cage

The Oscar winner (for which role?) was forced to put some of his properties on the market in 2009 after failing to pay taxes for several years.
Lenny Dykstra

The former MLB player (what team?) had mega-million dollar earnings (how much?) during his career, but found himself in bankruptcy court in 2009. It turned out to be just the beginning of his legal woes.
Mike Tyson

The former heavyweight champion, who once spent $2 million on a bathroom fixture (what was it?), filed for bankruptcy in 2003 after accumulating millions in debt.
Heidi Fleiss

The "Hollywood Madam" (see photos) was a multimillionaire when she was busted (what were the charges?) for running a high-dollar prostitution ring. By 1999, she was back in the courtroom filing for bankruptcy.
MC Hammer

The "U Can't Touch This" rapper went from buying $30 million mansions to accumulating millions in debt by 1996.
Burt Reynolds

The "Smokey and the Bandit" star, who filed for bankruptcy in 1996 after his divorce from this actress, is facing foreclosure on his $9 million Florida estate (see a photo).
Susan Powter

The 1990s "Stop the Insanity" fitness guru and infomercial diva (watch her videos) was a bestselling author (how much did her books earn?) before her 1995 bankruptcy filing.
Willie Nelson

The "Red-Headed Stranger," who found himself in hot water with the IRS in 1990, released a hilariously titled album to help pay off the debt.

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