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Sinbad Goes Bankrupt!

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Another has-been celeb is going belly up!

Comedian Sinbad is losing his $1.5 million luxury home after filing bankruptcy! His Chapter 7 claim lists $10 million and $50 million in liabilities and less than $50,000 in assets.

Sinbad's production company, which he is also losing, foot the bill for the house under his brother's name who works for the comedian.

The house is on the market for $3 million.

Kiss it all good-bye!

[Image via Nikki Nelson / WENN.]

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32 comments to “Sinbad Goes Bankrupt!”



  1. 1

    first



  2. 2

    You are such an insensitive jerk . . . be careful - we may be reading about your ass going bankrupt too. It can happen to ANYONE.



  3. 3

    YiKeS!



  4. 4

    You really seem to take pleasure in this man's misfortune. That makes you a really sick individual. For those Perez "fans" out there who occasionally ask why so many people hate Perez/Mario and voice their displeasure on his site, this is the reason. He is the lowest form of life on the planet who is at his happiest when he can either hurt someone or see someone who is hurting. He is all about kicking people when they're down. In my book, when you see someone doing that, you fight back.



  5. 5

    Can't say I'm surprised.
    Don't these celebs know how to shop for sound financial advisors? He'll soon find himself abandoned by hangers-on and phony friends–if that hasn't already happened.



  6. 6

    you seem to take such pleasure in other peoples misfortunes are u that insecure and unhappy with yourself??



  7. 7

    thats really mean spirited..to make fun of someone during hard times….hmmm not cool..think twice



  8. 8

    welp, at least he's not dead. I was horrified when that rumor circulated.
    __
    anyway, I agree with the prior posts…perez, how can you be so cruel and insensitive on this site. I know it's a blog…but geesh. as you would say "sad sad"



  9. 9

    You are such a fucking asshole to take pleasure in this man's suffering. His fame ended like most others of his time and he obviously couldn't keep up the lifestyle he had become accustomed to. It happens to lots of people you dumbass.

  10. @v@ says – reply to this


    10

    50 million in liabilities? What budget.



  11. 11

    Wow. Happy about someone filing for backruptcy. By the looks of your comment sections, perezhilton.com's 15 minutes are going bankrupt. Tick tock, tubby.



  12. 12

    Sinbad is dumb like Mc Hammer was. He had plenty of money coming in and was Its sad if its because of the production company. I've produced a few small projects and lost money on them, but luckily I made sure it was money I could afford to lose, and didnt gamble on it working.

    Hope he gets back on his feet. Does some comedy shows for $5-10k a night, do a couple of commercials, writes a book and goes on Oprah then can start getting $25k a night for standup.
    he can make it back, america loves a comeback story



  13. 13

    Perez, when you end up dead in a ditch somewhere, don't expect too many people to cry for your lame ass. You suck donkey dick. Fuck you.



  14. 14

    well, is it 10 or 50 million in liabilities? I can not understand how these people get soo much in debt. who is blowing sunshine up their asses making them think that they are going to earn at their high point, they will earn FOREVER? Doesn't anyone look at all the crap Michael jackson got himself into and see all the loans he was trying to do the last 20 years of his life to try to stay afloat and continue his 80's lifestyle? He built neverland after 'thriller' thinking that he would continue to put out albums like that and it never happened again. 99% of the people DO NOT. 99% of the people do not know how to invest their money right. But there go celebrities thinking they are going to be famous and pulling in money forever. One of the few actors I ever saw come back was John Travolta-and after Saturday Night Fever, he went through alot of years of has been. I am sure most of these people have a few sensable people in the background saying save 75% of the money-those people are probably shoved to the side.



  15. 15

    Re: MissArkansas – one day, perez will regret this. some of his stuff must be slowing down, since he is trying to expand to other crap, unsuccessfully. BUT I doubt he ever sees himself not in the HOLLYWOOD scene. Or back to the day of the studio. But we all doubt he invested anything. We will all see.



  16. 16

    I heard Perez filed bankruptcy back in the day…I guess you can add him to the list of has-beens going belly up

  17. @v@ says – reply to this


    17

    Live within your means, whether its 50 thousand or 50 million.

  18. @v@ says – reply to this


    18

    …and don't ding others and leave other people holding your financial bag.



  19. 19

    You certainly seem to take a great deal of pleasure in others’ misfortune.



  20. 20

    O NO not Sinbad too! :(



  21. 21

    Well hold on a minute: he's still making ME laugh. By blowing all his money and proving himself to be financially inept, and a complete loser and moron!!! Ha ha ha ha, can't manage your money. What kind of man are you?



  22. 22

    IDIOT a fool and his money shall soon be parted. JLO could be HELL of a lot richer too. Some people get out of the ghetto and spend like idiots. P diddy is the same==LOW IQ



  23. 23

    Poor guy. :(



  24. 24

    Hold on, Hoss…..$50 million in liabilities and $50K in da bank??? I dunno, but where I live, there ain't NOBODY fronting my that kinda cash when I got no money! I mean, come on….he's SINBAD, for Chrissakes!!!! I say any of his 'creditors' stupid enough to give him more than a Tootsie Roll and a beer deserves to lose all their damned money!



  25. 25

    you are all inconsiderate assholes. i happen to be great friends with sinbad's son. do you not realize that we are all in a damn recession. don't be jealous of his talent for one second and treat him like a real person….a real dad. i love him and his son so back off at least for his son's sake. he doesn't deserve to see all of this shit about his personal life on the internet with people giving their ignorant opinion. unless you have met either of them, don't judge. - kiki



  26. 26

    Re: Dr. Cornelia J. Dogbarker PhD rescinded – yEA OK keVIN feDERLINE LARD FUCK.



  27. 27

    I guess it IS a different world, than where you come from, JAJAJAJA! To think, it took a little over twenty years for him to find out he wasn't funny.



  28. 28

    You people need to leave Perez alone!( sob) You all just jealous of his hot, sexy, fabulousness!



  29. 29

    It's a shame - I've worked with Sinbad (back in the 80's) and a nicer person you will not meet. Hoping for the best for him and his family.



  30. 30

    What do these famous people do with all their money? Times are hard you would think the work they have done thru the years that they would have some security.

  31. @v@ says – reply to this


    31

    Re: mipokko – With respect, this kind of red and black ink is a lot more mismanagement than just a recession; and he may have trusted others rather than himself as many celebs first do. That said, I love Sinbad, and the man has the comedic chops to dig himself out with hard work bit by bit and to ensure that he does the money thing right, old school, and himself with sensible advice next time. He could work up a great new routine, get on talk shows and tour again once he's reconnected to the public with the new material. He is too clever by half, and I'd go.



  32. 32

    i hope you go bankrupt soon, fatass ;) just so you know how it feels. insensitive asshole.