There's good news and bad news for comedian Sinbad.

Reports surfaced in Dec. 2009 that the 53-year-old funnyman had declared bankruptcy after the IRS claimed he had $8.15 million in debt. Additionally, Sinbad's bankruptcy filing listed $10 million to $50 million in liabilities, while claiming the comic had less than $50,000 in assets.

Now comes word that the former star of films like 'Houseguest,' 'First Kid' and 'Jingle All the Way' is having to give up his $1.5 million Hidden Hills, Calif. home to make good on the debt.

It is obvious that Vanity Fair magazine didn't get the memo on the so-called "post racial America," a term that is constantly overused now that Barack Obama is President of the United States.

For their 16th annual Hollywood Issue, Vanity Fair put the emphasis on "fair" with a cover spread shot by acclaimed photographer Annie Leibovitz and only included white actresses. The only thing diverse about this cover is the actresses' hair color and their ages, which range from 19 to 27-years old.

'Access Hollywood' host Shaun Robinson, who released a self-esteem and advice book for young women called 'Exactly As I Am' last year, is extremely alarmed by the message that the Vanity Fair Hollywood Issue sends.

Former video vixen turned New York Times bestselling author Karrine Steffans has inked a deal with adult entertainment mogul Larry Flynt to become the resident sex and intimacy consultant for his Hustler flagship store in West Hollywood, Calif.

As a part of the strategic partnership, Steffans, who is married to 'The Young and the Restless' star Darius McCrary, will teach a monthly course using her own tome, 'The Vixen Manual: How to Find, Seduce, & Keep the Man You Want' as the guide.

"I am beyond excited about my partnership with Hustler Hollywood and Larry and Theresa Flynt. The Flynt organization has been amazing to work with and our couples courses are guaranteed to be fun and informative," Steffans told BV Buzz exclusively.

Actor Mehcad Brooks, who currently stars on the ABC drama 'The Deep End,' is one of four celebrities featured in Calvin Klein Underwear's new ad campaign.

To launch the brand's new X collection, Calvin Klein tapped Brooks along with Kellan Lutz ('Twilight'), tennis star Fernando Verdasco and soccer star Hidetoshi Nakata to appear in four separate advertisements that hit retail stores this month.

There will also be broadcast and taxi TV spots, in addition to print and outdoor ads.

"The four different guys give us different ways to express things," said Bob Mazzoli, chief creative officer for Calvin Klein Underwear. "They have different personalities, and that helps in our dialogue with our consumers."

Now that cougars are all the rage, 25-year-old singer Omarion has a cougar crush of his own.

BV Buzz asked the singer what older woman had his eye and he choose Oscar winner Halle Berry.

"It would definitely be Halle Berry," the singer confessed. "I think it would even be interesting to sit down and talk to her about her views about relationships."

R&B singer Jill Scott is being sued by her longtime record label, Hidden Beach Records.

In the suit, filed in Los Angeles Superior Court, Hidden Beach accuses 37-year-old neo soul star of abandoning her six-album contract and conceivably owing them millions of dollars in damages.

"Hidden Beach is shocked by her decision not only because Scott has apparently chosen to leave the Hidden Beach family, but also because Scott is contractually required to deliver three more albums to Hidden Beach," the complaint reads.

Emmy-nominated actress Vanessa L. Williams confessed during an interview on 'Live with Regis & Kelly' that the cast of 'Ugly Betty' is upset over the cancellation of their series.

"I got to be honest, we're devastated," admitted the 46-year-old talent. "We're sad; we're not ready for it to end. We just moved to New York. We just got on a roll."

After airing for three seasons on Thursday nights, the show suffered a tremendous ratings decline when ABC moved the show to Friday evenings. Despite being relocated in January to a new night, Wednesdays, which gave the show a ratings boost, the network has still opted to end the American telenovela at the end of this season.