Drake Bell has filed for bankruptcy.
The former Nickelodeon child star, famous for his role in the show Drake & Josh, filed legal documents stating that he is $581,000 deep in debt.
According to the documents, 26-year old Bell lists the value of his house at $1.575 million, but the problem is that he is owing $1.597 million on it. He also lists his monthly income at $2,820, but his expenses per month far outweighs it … $18,771.
Bell also says he made $408,000 in 2012, but earned a paltry $14,099 in 2013.
He also has tax problems.