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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

No Avatar
1.

Azi    

This is funny ! I'm cracking up.

433 days ago
2.

NOT ELMO    

SinBad I'm BROKE...Again.....................THIS CLOWN Owes a Total Of Almost $11 MILLION Dollars and HE has 5 CARS, LOCK HIM UP !

433 days ago
3.

just because    

i met sinbad once in santa barbara

433 days ago
4.

just because    

i met jay leno at BK on thanksgiving in Calabasas

433 days ago
5.

just because    

when he was filming jays garage n tonight show same day

433 days ago
6.

.    

$11 Million in debt . . . Mostly in Credit Card debt & Back Taxes?
.
So he's asking Taxpayers to pay for his irresponsibility?\
.
Wesley Snipe his a55.

433 days ago
7.

just because    

i shook hands with christopher lloyd at SBA

433 days ago
8.

IwuvTMZ    

I thought he was deceased.

433 days ago
9.

NOT ELMO    

SinBad claims to make Almost $200,000.00 Dollars a Year and Yet He is Super Broke, He looks like He Graduated from The RAPPER'S MONEY MANAGEMENT SCHOOL, Because He Doesn't know how to manage His Money just like Rappers...

433 days ago
10.

just because    

i took a flight from LA to LV with tyra banks

433 days ago
11.

Six Million Dollar Man    

I'm for dismissing his debt 100% jut because he is funny and the IRS targets people we all know that now. Sinbad is the King of Cool and should get a pass in my book just because he's Sinbad. Also, Redd Foxx should have received money from the IRS, not owe money, he made my life a lot more happier by his great humor and that's priceless!

433 days ago
12.

NOT ELMO    

On The Positive Side IronMan 3 Has Already Made $1.074 BILLION Dollars As Of Saturday, May 18, When IronMan 3 Makes Just $50 Million More, It Will Become The 5TH Biggest Movie Of ALL Time :-)

433 days ago
13.

John    

I figured his career was over after that reality show, where his family (mainly his wife and daughter) steadily castigated him on camera for everyone to see.

433 days ago
14.

Ann    

$16K a month and can't pay his bills but buys 5 luxury automobiles? DEADBEAT P.O.S. Shame on you Sinbad!

433 days ago
15.

Ann    

Throw his a** in the slammer. Tired of all of us tax paying citizens that earn way less than these celebrities having to pay for their cheating asses through higher taxes. It just gets passed down to the little guys while they enjoy a life of luxury once there debt is abolished.

433 days ago
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