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Drake Bell Goes Bankrupt

Truth rating: 10

By Daniel Gates

(Getty Images)

Drake Bell has filed for bankruptcy.

The actor, a veteran of the Nickelodeon hit “Drake & Josh,” has submitted legal documents reporting that he’s $581,000 in debt.

RELATED – Drake Bell Urges Americans to Deport Justin Bieber — See White House Petition

According to the file obtained by TMZ, Bell is earning $2,820 per month — but has monthly expenses of $18,771.

His house is valued at $1.575 million, but he owes $1.597 million on it.

Bell reportedly made $408,000 in 2012, but just $14,099 in 2013.

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