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Nickelodeon's Drake Bell

Bankrupt

2/12/2014 6:39 AM PST BY TMZ STAFF
EXCLUSIVE

0212-drake-bell-01Drake Bell -- a huge Nickelodeon child actor who starred in "Drake & Josh" -- has filed for bankruptcy ... TMZ has learned.  

The 26-year-old actor just filed legal docs, claiming he's in the hole to the tune of $581,000.

As for the breakdown, Bell lists the value of his house at $1.575 million.  The bad news -- he's underwater, owing $1.597 mil.

Bell says he's only pulling in $2,820 a month, but his expenses total a whopping $18,771.

The fattest year Bell lists is 2012, when he made $408,000, but the next year he made an anemic $14,099.

And Bell owes a bunch of loot in taxes.

115 COMMENTS

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1.

BigSamStewart    

Ha!

170 days ago
2.

NOT ELMO    

just filed legal docs, claiming he's in the hole to the tune of $581,OOO.OO..............................ACTORS AND SINGERS MAKE A LOT OF MONEY AND THEY THINK THEY WILL CONTINUE MAKING ALL THAT MONEY FOREVER, SO THEY NEVER INVEST AND THEN THEY ARE BROKE, BITCH YOU SHOULD'VE OPENED SOME PIZZAHUTS, SUBWAYS, TACOBELL, WHATEVER FRANCHISE BUSINESS TO CREATE A STEADY INCOME.......IDIOT !

170 days ago
3.

Phoenicks    

Let this be a lesson to young Hollywood: all the Twitter and Instagram followers and Beliebers aren't going to be there to loan you five dollars when you're broke.

170 days ago
4.

His_Body_Is_A_Wonderland    

Kafka's a bitch isn't it?

170 days ago
5.

His_Body_Is_A_Wonderland    

Karma's*

170 days ago
6.

Mumra the Ever Living    

I guess a good start for him would be to sell his freaking house and move into an apartment. A discrepancy of about $20,000 on a house that is worth over $1,500,000 is a pittance.

170 days ago
7.

Jennifer    

Sucks to be him.

170 days ago
8.

Joe    

Hi Miranda cosgrove, it's drake. Ummm, can I borrow 2 million ? Thanks.

170 days ago
9.

shutupgirl    

Drakes been charging $750 for meet & greet packages at Disney, hes there at least 4-5 times a week. The proofs on twitter

170 days ago
10.

Jay W.     

Get a different agent...

170 days ago
11.

Clyde T.M. Nestra    

Just like so many homeowners, but why do celebs always seem to miss those all-important taxes?

170 days ago
12.

NOT ELMO    

Drake Bell has filed for bankruptcy......................SO MANY DIFFERENT FRANCHISE BUSINESSES THAT HE COULD'VE HAD, MAGIC JOHNSON IS WORTH MILLIONS AND MILLIONS OF DOLLARS THANKS TO ALL THE FRANCHISE BUSINESSES HE OWNS

170 days ago
13.

JP    

He should contact Rihanna for bookkeeping advice...oh, looks like he did.

170 days ago
14.

NOT ELMO    

he's underwater, owing $1.597 mil......................THE GOOD NEWS IS DRAKE BELL SOON WILL BE SHIA LABEOUF'S ROOMMATE BECAUSE THEY BOTH WILL BE BROKE...

170 days ago
15.

BEEJ    

I have more money than this chump lol

170 days ago
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