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Sinbad

I'm BROKE

... Again

5/20/2013 3:30 AM PDT BY TMZ STAFF
EXCLUSIVE

0517-sinbad-scared-getty'90s comedian Sinbad claims he's broke as a joke ... again -- filing for bankruptcy for the second time since 2009.

Sinbad (real name David Adkins) filed for Chapter 7 bankruptcy last month, claiming he owes $10,991,715 in debt ... and only has $131,000 in assets.

The 56-year-old comedian -- famous for his roles in '90s movies like "Houseguest" and "Jingle All the Way" -- says he owes $374,979 to American Express, $32,199 to Bank of America, and $2.3 million to the CA Franchise Tax Board.

He also claims he owes $8.3 million to the IRS for taxes from 1998-2006, and admits he owes both state and federal taxes from 2009-2012.

According to the bankruptcy docs, Sinbad earns only $16,000 per month and can't afford to pay his bills.

But the bright side, he's still got some possessions -- a 2007 BMW 750i, a 2006 VW Beetle, a 2010 Ford F150, a 2010 Lincoln Navigator, $5,000 in home office equipment ... and 200 copies of "Sinbad's Guide to Life" currently for sale on Amazon for $6.25 each.

Sinbad filed for bankruptcy once before in 2009, but the case was dismissed because he didn't file the right documents. Calls to Sinbad weren't returned.

125 COMMENTS

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61.

Edith Ann    

Poor little rich boy should try living on $1200 a month, hell I got more assets than he has and never made over 1200 a month in my life. I don't spend my money on junk and things I don't need, sure don't drugs, and here he is whining and getting his credit cards paid off, he knew he was filing for bankruptcy when he put all his toys on his credit cards. What a deadbeat.

467 days ago
62.

Linda    

I do not feel sorry for him for one second!

467 days ago
63.

RoadRig    

this brother needs his old gig at the Apollo back quick!

467 days ago
64.

Larry    

Maybe the "Celebrity and Chief" will bail all his supporters out ???

467 days ago
65.

david    

Put him in charge of Obama's treasury department. He will fit in perfectly.

467 days ago
66.

CH     

Only $16,000 a month. I'd like to see him live on $2,000 a month like me..

467 days ago
67.

james    

10-20 in leavenworth with Bubba giving him the 3 holer should be next

467 days ago
68.

jj    

Never heard of him. Let's keep it that way. Lock him up.

467 days ago
69.

Joe Papierz Jr    

Too bad we don't have debtor prisons anymore. How could anyone lend Sinbad even a bik ballpoint pen that doesn't have a chain on it. This is his second bankruptcy? Isn't there a limit on how often you can file? Discusting. Let him keep one home and one car and force sale of the rest. The court chooses which home and which car, the least valuable of each.

467 days ago
70.

Joe Papierz Jr    

Too bad we don't have debtor prisons anymore. How could anyone lend Sinbad even a bik ballpoint pen that doesn't have a chain on it. This is his second bankruptcy? Isn't there a limit on how often you can file? Disgusting. Let him keep one home and one car and force sale of the rest. The court chooses which home and which car he keeps, the least valuable of each, and apply the proceeds to his creditors..

467 days ago
71.

thesby    

something got ya this time little walter like the irs and bankruptcy!what happened little walter?you didn't pay the bills?that what you get for saying "i doubt it be today!".ha,ha.ha..ha....ha!

467 days ago
72.

Mel harrison    

Lol

467 days ago
73.

Mr. G    

I say lock him up and do the time. Anyone stupid enough not to gain control of their finances after filing for bankruptcy just four short years ago doesn't deserve another chance at bankruptcy. Everyone deserves a second chance, but NOT a third, fourth etc. When you're making $16,000. per month you don't run up $374,979 to American Express, $32,199 to Bank of America, and $2.3 million to the CA Franchise Tax Board unless you're an idiot!

467 days ago
74.

elvira walker    

Well, one thing is for sure. He doesn't learn from his mistakes. Sad.

467 days ago
75.

Madeleine Perkins    

Sinbad, you are so darn talented. I wish you luck with the IRS, I thought they were busy targeting Tea Party people???

467 days ago
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