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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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Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6
76.

Deez_Nutz    

Typical... He just wants an Obamaphone iike his bros.

332 days ago
77.

lex    

You would be a perfect judge on american idol.

332 days ago
78.

b003    

Taxmasters?

332 days ago
79.

dave    

wheres all your rich friends? all buncha phonies

332 days ago
80.

Mike    

The guy makes $16,000 a month and is broke???!!!! What a loser.

332 days ago
81.

RogerB    

Typical, spend like there is no tomorrow, screw the IRS and taxes, and give me a get out of debt free card. Put his butt in jail, seize all he has or potentially will have in the future and be done with it.

332 days ago
82.

P    

DOUCHEBAG

332 days ago
83.

Kelly    

I wish I ONLY made $16K per month. Most of my friends would jump up and down if they were told they could make that kind of money but yet I'm sure there are the mike tyson's in the world who could make $16 million a month and still find it insufficient.

332 days ago
84.

wildeyedsouthernboy    

Sinbad didn't yo mama teach nothin' good

332 days ago
85.

Patricia    

Damn Sinbad

326 days ago
86.

OooooNooo!    

TMZ, you for got the bit part he had in the movie Cone Heads.

325 days ago
87.

geewhiz44    

$16,000 a month. Is that after health insurance payments, money taken out for SS etc.,?
Is that what he takes home? $16,000?
Truthfully that is not much money in CA. Costs way more than that to live there decently . Easy to accumulate debt, not pay IRS when you are not able to live below your means.
I thought we could not get out of paying IRS due? Not even with bankruptcy. But seems we can??

317 days ago
88.

susieq    

didn't think taxes could go away because of bankrupty - they are yours for life - only 2 things you can't avoid - death and taxes

315 days ago
89.

O PINYON8TD    

If you can't make it on $16,000 a month then you need a major lifestyle change. I make much much less than that and have never filed BK, have very little debt, and pay my bills on time, well most of the time. If people would stop trying to live above their means they wouldn't find themselves in this situation.

304 days ago
90.

donna28    

Im at about 16,000$ a month give or take and my bills stay paid on time.. I have extra cash leftover too.. he has gotta stop living above his means... maybe LA is not the place to live.. I do live in a fairly small town but still DAMN!!!!!!!!

110 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6

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