Comedian Sinbad’s financial situation is no laughing matter. The 56-year-old entertainer has filed for bankruptcy for the second time in four years, according to TMZ.
The “Houseguest” actor, born David Adkins, is reportedly $11 million in debt. His financial struggle allegedly includes $8 million in back taxes owed to the IRS. Adkins’ bankruptcy filing in April suggests that he only earns $16,000 per month with minimal assets in the amount of $131,000.
Adkins’ money woes aren’t the result of lavish lifestyle, according to the comic. In March, the star of “The Sinbad Show” told Oprah, “I didn’t buy Bentleys. I didn’t live large. I invested in me. I invested in a lot of other people. I would not change it; I would not go back.”
The comedian has had a rough stint in recent years. He filed for bankruptcy for the first time in 2009. In 2010, Adkins made a brief appearance on “Celebrity Apprentice” before hearing Donald Trump’ signature “You’re Fired” catchphrase in week two.
Despite falling on hard times, the comedian isn’t done fighting. Adkins attests, “It’s never over. There’s no one defining moment that kills you or makes you.”
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