June 24, 2014

Drake BellDrake Bell, a former rising child star, who could be seen on television shows such as Drake and Josh and The Amanda Show, and in the upcoming movie, L.A. Slasher, has recently filed for bankruptcy.

Bell has over the recent years struggled to retain the high income he used to earn when he was a star. For instance, in 2012 he allegedly earned $408,000, while in 2013, he only earned an unfavorable income of around $14,000, according to TMZ. In a more recent display, court documents have shown that he earns roughly $2,820 per month.

So where do his debts begin? His debts appropriate from his running expenses, which has been estimated at almost $19,000 a month. His total owed finances come from taxes, stemming to a heavy burden of $581,000.

According to RadarOnline.com, Bell has put his home for sale, located in Los Angeles, for a retail price of $1.4 million. However, in a reveal by Zillow, the home was in the foreclosure process.