Sinbad, star of 90’s sitcom “A Different World” is down on his luck. The comedian had to file for bankruptcy again, his second time since 2009.
Sinbad (real name David Adkins) filed for Chapter 13 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.
Source:TMZ
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