Drake Bell is effectively bankrupt, according to a new report. The former child star, best known for his roles on Nickelodeon hits like The Amanda Show and Drake and Josh, is apparently in deep financial trouble and filed for bankruptcy in a California court earlier this month.
Legal documents, obtained by TMZ, show the actor is in the hole to the tune of $581,000. Drake owns a home worth $1.575 million, but owes about $1.597 million on the pad. His expenses round out to about $18,771 per month, but he’s earning just $2,820.
Then there’s the issue of back taxes.
Bell’s income has been the crapper since his tenure with Nick ended. He earned $408,000 in 2012, but just $14,099 in 2013, despite an appearance on the ABC reality show Splash.