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

Wed, February 12, 2014 12:26pm EDT by 16 Comments 11,414 Article Views
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

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ginny knotts

Posted at 9:25 PM on June 18, 2014  

Im so sorry drake. I love you. U r awesome. Keep your head up. U will bounce back.

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Vanessa

Posted at 1:30 PM on June 18, 2014  

I hope and pray he will be able to solve all his problems.

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Eduardo

Posted at 5:41 PM on April 8, 2014  

and this is new’s because.??

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chris

Posted at 4:20 PM on April 1, 2014  

Please Drake Bell you have no business dissing anyone. You were on splash for crying out our. #yourajoke . What also is funny is that josh peck is now the good looking one. Lmao

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lawayne williamson (@texasred63)

Posted at 7:51 PM on March 31, 2014  

Easy fix, do like the Bieber did set up a youtube account and make videos and make money, heck is shaycarl and his shayturds can make over a $1m a yr, Drake should have no problem, or he could go on chaturbate, some of the guys more over a $1k a day on there.

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razorjake

Posted at 4:01 AM on March 30, 2014  

Honestly, I can care less about the whole Justin BEAVER bs. And for Drake Bell, life can have it’s ups and downs. But the best we can do is to move forward and just make the best of the craziest situations. Just Live, Learn, and Love. I wish you luck through this. Only the NORMAL people like us go through what I like to Call LIFE. Going bankrupt is just another experience we bounce through. Even big corporations have their troubles. Honestly, NOTHING is perfect. All we can do is keep whatch’n the wheels turn….
^_^

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geena charles

Posted at 5:54 PM on February 12, 2014  

why buy a house you can’t afford. don’t buy material things you don’t need if you don’t have the money for it. that is just being irresponsible. why should i feel sorry for him.

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Nicole

Posted at 11:49 AM on August 29, 2014  

Such a good point….if you want to be a role model and diss those you feel are not, you should reflect on your own mistakes first…Showing young people how you can take the large amount of money you earn from your success and completely loose it all due to being irresponsible (because yes it’s due to making poor choices of spending more than what you make) is just as much as a mess up as these other stars are going though.

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Me

Posted at 4:58 PM on February 12, 2014  

DRAKE = BROKE

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rb

Posted at 4:32 PM on February 12, 2014  

Contrary to your belief, Justin won’t spend a day in Jail. And yes, Drake will have the last laugh, and not because of JB, but because he will be in a straitjacket at the syso ward. JB got too his nerves!

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Pam

Posted at 3:50 PM on February 12, 2014  

Drake will have the last laugh when Justin is in jail. Plus he likes busting belieber chops because so many are homicidal nuts. They even hate each other. I never saw so many nine year olds as insane. Justin a role model? Only if you want to be a thug drug addicted felon.

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rb

Posted at 3:39 PM on February 12, 2014  

Sooner or later “karma” will come bite you!! He couldn’t make enough money bashing JB, and all the time he spent on a deportation petition when you could have been working at McDonalds.

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cerys amy lou

Posted at 3:20 PM on February 12, 2014  

Idk why he was getting money in the firs place?!!?! He’s the talentless one. Thats what you get for dissing justin aha!!!!!

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Patworx

Posted at 1:49 PM on February 12, 2014  

Drake said on Twitter that TMZ is lying.

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@miss american dreams 201

Posted at 1:18 PM on February 12, 2014  

yipeee! is christmas coming early you deserve it you just dissed justin to get attention so people would notice you and like you coz you’re a justin hater so you thought you can get a little money

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Mister Baja

Posted at 12:27 PM on February 12, 2014  

psssst: GO TO WAL MART!!

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