You know him as Sinbad. He’s one of the funniest clean comics ever. The federal government knows him as David Adkins (birthname). Unfortunately Sinbad has had to file bankruptcy for the second time since 2009. However in 2009 the case was dismissed because the correct documents were not filed. It was reported that Sinbad filed for Chapter 13 bankruptcy protection last month. Sinbad’s bills include:
$374,979 owed to American Express
$32,199 owed to Bank America
$2.3 million to 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.