90s comedian Sinbad filing for bankruptcy for the second time since 2009.
David Adkins, 57, filed for Chapter 13 bankruptcy last month, claiming he owes $10,991,715 in debt and only has $131,000 in assets.
David Adkins, 57, filed for Chapter 13 bankruptcy last month, claiming he owes $10,991,715 in debt and only has $131,000 in assets.
According to TMZ, The comedian 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.
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.
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