Does Sinbad own his home? The comedian born David Adkins recently filed for bankruptcy after the IRS filed $8.15 million in tax liens. Our sister blog WalletPop reported
that the tax obligations range from $157,934 in 2003 to $2,358,563 in 1998. Sinbad has been fighting with the IRS for years but now they are getting serious about getting their money. His Chapter 7 bankruptcy claim lists $10 million and $50 million in liabilities but less than $50,000 in assets. And about that house? His luxury $1.5 million home in the celebrity-friendly enclave of Hidden Hills is reportedly owned by his brother, Michael Adkins. But court documents seeking seizure of the house allege that the arrangement is a sham pointing out that Michael Adkins works for his brother's production company and that the expenses for the property including mortgage payments were paid from the production company account.
Other celebrities in the area include the Kardashians, Melissa Etheridge, Lisa Marie Presley, and Denise Richards. A bird's eye view on Virtual Globetrotting
shows a lavish estate with a pool and tennis court.