Sinbad has declared bankruptcy with more than $10 million in debts, according to a new report.
RELATED: Pop star ditches his braces
The comedian, whose real name is David Adkins, filed for bankruptcy last month, claiming he has just $131,000 in assets but owes $10.9 million to firms including American Express and Bank of America.
According to legal documents, obtained by TMZ, Sinbad also has unpaid state and federal taxes stemming from 2009 to 2012.
Sinbad argues he can no longer afford to pay off his bills, despite earning $16,000 a month.
It is the second time Sinbad has filed for bankruptcy. His case in 2009 was dismissed after he failed to file the correct paperwork.
RELATED: Miley Cyrus' crazy Twitpic
- Sep. 24, 2016 Lil Wayne is opening up about his time at Rikers Island.