Drake Bell: ‘Drake & Josh’ Star Files For Bankruptcy

Wed, February 12, 2014 12:26pm EST by 20 Comments
Drake Bell Bankruptcy
Courtesy of Twitter

The former star of Nickelodeon’s hit ‘Drake & Josh’ has filed for bankruptcy, according to a report from TMZ. We bet Justin Bieber is thrilled!

Drake Bell has filed for bankruptcy; in fact, the 26-year-old former Drake & Josh star is reportedly $581,000 in debt, according to TMZ! With an average monthly income of $2,820, this was only bound to happen, considering that his monthly expenses total $18,771. Drake is as well known for his role on Drake & Josh as he is known for dissing Justin Bieber every chance he gets! We bet Justin is feeling seriously gratified over this news. (Or, you know, he is probably just counting his millions as they roll in. Who’s to say?) See below for all the details on Drake’s bout of bad luck.

Nickelodeon’s ‘Drake & Josh’ Star Drake Bell Is Broke

Drake Bell Talks ‘Splash’
Amanda Bynes Tweets Drake Hook-Up

The legal documents obtained by TMZ list the value of Drake’s house at $1.575 million — however, he owes $1.597 million on it! How is that even possible?

This news is pretty dire — with earnings of $408,000 in 2012 and $14,099 in 2013, it’s clear that things aren’t going well for Drake. Super scary! We hope that he’ll be able to find his way out of this problem.

Drake Bell Disses Justin Bieber For His Legal Troubles

However, we can bet that Justin Bieber would be happy to hear this news; nothing like a little schadenfreude to keep one’s mind off their own legal troubles! That is, if Drake’s numerous disses have even pinged Justin’s radar. Back in March 2013, Justin tweeted “doing some writing” to which Drake replied, “yeah right.”

Now, amidst Justin’s various legal troubles, Drake tweeted the White House petition to deport Justin in Jan. 2014, not long after calling Justin out for being “talentless.” We’re not sure what Justin may have done to personally offend Drake, as seems to be the case!

What do you think, HollywoodLifers? Do you sympathize with Drake for his money troubles? Or should he have been more responsible? Is Justin laughing all the way to the bank? Drop a comment below and tell us your thoughts!

— Amanda Michelle Steiner

More Former Child Star News:

  1. Mara Wilson: ‘Matilda’ Actress Explains Why Child Stars ‘Go Crazy’
  2. Former Child Star Candace Cameron Bure Opens Up About Her Battle With Bulimia
  3. Miley Cyrus, Selena Gomez & More: 6 Good Girls Gone Bad