Drake Bell -- who not long ago was a big star on Nickelodeon's "Drake & Josh" -- has filed for bankruptcy, according to TMZ.

The 26-year-old actor has reportedly filed legal documents that say he owes $581,000.

TMZ reported Bell listed the value of his house is $1.575 million, but that he owes $1.597 million and is only making $2,820 a month, while his monthly expenses total $18,771.

Apparently, Nickelodeon doesn't provide its stars math tutors.

Bell's biggest financial year was 2012, when he made $408,000. Unfortunately, the next year he made $14,099. And he supposedly owes big in taxes.

Actor/singer Drake Bell arrives at Elizabeth Stanton’s 18th birthday benefiting Toys for Tots at Belasco Theatre on December 13, 2013 in Los Angeles.
Actor/singer Drake Bell arrives at Elizabeth Stanton's 18th birthday benefiting Toys for Tots at Belasco Theatre on December 13, 2013 in Los Angeles. (Photo by Paul A. Hebert/Invision/AP)

Contact Tony Hicks at Facebook.com/BayAreaNewsGroup.TonyHicks or Twitter.com/insertfoot.