Report: Former Nickelodeon Star Files for Bankruptcy

David Livingston/Getty Images(NEW YORK) -- Former Nickelodeon star Drake Bell has filed for bankruptcy, according to TMZ.

The 26-year-old Bell, best known for playing Drake in the 2004-2007 Nickelodeon series Drake & Josh, claims in legal documents that he's $581,000 in debt.

Bell states he currently makes approximately $2,800 per month, but his monthly expenses total more than $18,000.

Before starring on Drake & Josh, Bell appeared in another Nickelodeon series, The Amanda Show, starring Amanda Bynes. In recent years, he has voiced Spider-Man in various Marvel animated series, and competed on the ABC reality show Splash.

Copyright 2014 ABC News Radio

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