Tags: drake bell | bankrupt

Drake Bell Bankrupt: Former Nickelodeon Child Star Owes $581K, TMZ Says

Image: Drake Bell Bankrupt: Former Nickelodeon Child Star Owes $581K, TMZ Says

By Ken Mandel   |   Friday, 14 Feb 2014 12:06 PM

Former Nickelodeon child star Drake Bell has found adult life tough, as the now 26-year-old actor has filed for bankruptcy, according to TMZ.com.

Bell starred on "The Amanda Show" and "Drake & Josh."

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In legal documents, Bell listed his monthly income at $2,820 per month, vs. $18,771 in expenses. He also said he's underwater on his mortgage, owing $1.579 million. Overall, Bell says he's $581,000 in debt, TMZ reported.

Bell stated that he made $408,000 in 2012, but only $14,099 in 2013, TMZ said.

Since his television show ended in 2008, Bell has done voiceover work, performed as a musician, and competed on ABC's diving competition, "Splash."

Bell isn't the only former young star to outspend his earnings. Fellow child star/musician Aaron Carter, 25, filed for Chapter 7 bankruptcy protection in November 2013. Citing legal documents obtained by TMZ.com, Carter's assets totaled $8,232.16, with $2,204,854 in liabilities, which included a $31,166 American Express bill. The younger brother of Backstreet Boy Nick Carter, Aaron Carter also owes more than $1 million to the IRS.

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