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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.

116 COMMENTS

No Avatar
31.

nostop    

Karma for being a little dick to Bieber.

222 days ago
32.

Yurra Knutz    

Will act for food.

222 days ago
33.

Nikki    

B-Lost celebrities don't get it. If you make 1 million dollars, you have to divide that by 40 years of not making 1 million dollars and that's how much money you make a year. 25k… that you will have each year unless you don't get another gig that pays well.

222 days ago
34.

Florida    

I like him, they should put him on another show!

222 days ago
35.

nof    

Our prayers are with you, Dude.

That you work your way out of it - gain re-employ.

Don't despair - things change quickly in this town.

Hoping you save the house.

222 days ago
36.

AwkwardCheerios    

LMAO. Karma's a bitch Drake. I hope Bieber drives by his house fills a bag with 50K and sets on fire in front of Drake's house. Oh god I'm laughing so hard gotta go tweet and Instagram this :) **** DRAKE

222 days ago
37.

XxxEmoGirl24x    

I bet Justin is pissing himself laughing. Karma really is a bitch

222 days ago
38.

SmokingDankk    

He deserved it. Btw he looks 37

222 days ago
39.

lmfao    

karmas a b i t c h

222 days ago
40.

Meow    

He's accomplished a lot at a young age. He has supported the non-profit organization The Thirst Project since 2009. The Thirst Project is an organization that addresses the issue of the clean water crisis by raising awareness through education. Bell's contributions include public appeals and concerts to raise funds. In 2010, the organization gave him the Pioneering Spirit Award, the highest honour that The Thirst Project has.

222 days ago
41.

KicksandGiggles    

$18K monthly expenses? WTH? Is a calculator really that complicated for these people?? Moron.

222 days ago
42.

Laurin    

No wonder he goes on Twitter rants about Justin Bieber all the time...jealous!

222 days ago
43.

Fallopia Lopez    

Who the hell loaned him $1.5M?

222 days ago
44.

Pumpuy    

Needs a better accountant

222 days ago
45.

SportsFrog    

Maybe he should stop going to Disneyland on the weekends and getting ****faced drunk at Mad T Party. I've seen so many pictures of him over the last month taken by friends where he looks completely wasted. This also explains why he's wearing practically the same clothes each time he does go to Disneyland/DCA and gets spotted by the people there.

222 days ago
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