2 December 2012 12:10 PM, PST | TMZ | See recent TMZ news »

The Good News: Broke ass actor Gary Busey officially closed his bankruptcy case this month!!!!The Bad News: Despite wiping over $50k in debt from his name -- he's still in the hole Over $450,000. According to legal docs, Busey -- who filed for Chapter 7 back in February claiming he owed over $500k to creditors -- was discharged from his bankruptcy on November 26.  As part of the deal ... Busey got to keep all his assets »

- TMZ Staff

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