Legal docs show the actor is in the hole to the tune of $581,000.
TMZ says Drake owns a home worth $1.575 million… the only problem is that he’s underwater and owes $1.597 million on the pad. His expenses are through the roof -- at $18,771 per month -- yet he’s only earning $2,820. Apparently, he also owes some back taxes.
Bell’s income has been up and down. He raked in $408,000 in 2012, but only $14,099 in 2013.
Drake Bell, best known for his hit Nickelodeon show "Drake and Josh," is apparently in financial trouble. TMZ says the former child star has filed for bankruptcy.