15 Shocking Celebs Who Went Bankrupt More Than Once

By on November 17, 2015
live.huffingtonpost.com

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1. Sinbad

The real name of Sinbad is David Adkins. His real life is not as funny as his reel life. A famous celebrity and actor, Sinbad has starred in his own show, known as The Sinbad Show. He has also acted in various movies, including Necessary Roughness, Jingle All the Way, and Houseguest. Sinbad has gone into Chapter 11 twice, once in 2009 and then in 2013. He was able to recover after his first bankruptcy. However, it seems like he did not learn anything from it, and again filed for bankruptcy in April 2013. This time he owed nearly $11 million; out of which over 75% was to the IRS, that is, $8 million. Although, he claimed that he lived within his means. In a 2013 interview, Sinbad 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.”

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