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Drake and Josh: Drake Bell Files For Bankruptcy

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Drake and Josh alum Drake Bell is facing financial woes. According to TMZ, the former Nickelodeon star has filed for bankruptcy. The court documents state that Bell is approximately $581,000 in debt.

The 27-year-old actor claims to only make $2,820 a month. However, he reportedly has monthly expenses amounting to more than $18,771. Bell is also upside down on his mortgage. His home is reportedly valued at $1.575 million, but he owes an estimated $1.597 million.

He also revealed the dramatic drop in his income from 2012 to 2013. In 2012, Bell reportedly earned $408,000. However, he only made a meager $14,099 in 2013. Then, to add insult to injury, the publication reports that Bell allegedly owes an undisclosed amount in unpaid taxes.

It’s definitely no secret that Bell’s career suffered a slight decline after Nickelodeon announced the cancellation of Drake and Josh. The critically acclaimed series, which Bell co-starred on, ran for four seasons with 60 episodes from January 11, 2004 to December 5, 2008.

While Bell has a number of other notable credits, the majority of his most recent work consists of voiceover projects for Marvel animated television series like Ultimate Spider Man, The Avengers: Earth’s Mightiest Heroes, Phineas and Ferb: Mission Marvel, Avengers Assemble, and Hulk and the Agents of S.M.A.S.H. He’s also turned his focus toward his music career. Just last month, Bell released¬†”Bitchcraft,” which is the first single from his upcoming album.

According to US Weekly, the unfortunate news of Bell’s finances comes shortly after¬†his crass indignation toward troubled pop singer Justin Bieber. Bell took to Twitter with a message directed to Bieber¬†sharing his disdain of the singer’s notorious run-in with the law over the infamous egging incident.

On Jan. 16, he tweeted, “@justinbieber instead of egging speeding around your neighborhood and defacing¬†property like a little s–t you should practice your guitar!!” However, the tweet was deleted shortly after it was posted.

Image via Drake Bell, Wikimedia Commons

Drake and Josh: Drake Bell Files For Bankruptcy
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  • carmen

    Poor Drake, i love him

  • jamaal

    damn nigga!

  • Katisnotinthegame

    Bummer, had respect for him.

  • David Wirt

    Draike is right, beiber is a silly ungrateful little shitt.
    hes a guest here, you dont spit on citizens of your host country, drug and thugg, and drive drunk. his sorry ass should be deported..

  • allison

    here's an idea…stop living beyond your means!!! he made more money than i prob will in my whole life!!! no sympathy from me man….

  • Alex Foreman

    he should of used his money more wisely, I think every star should, never know when you have your last gig. He was the guy when I was growing up good luck drake your still hot.

  • jules maclovin

    Still one of my favorite shows….love Drake….and Josh.

  • AppleJack

    I remember that show. XD

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