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Times are tough for former child stars, and nobody is more aware of that fact than Nickelodeon star Drake Bell.

Bell, who found fame as a regular star on “The Amanda Show” and later on his own Nick sitcom, “Drake & Josh,” reportedly filed for bankruptcy, TMZ reports.

The actor, 26, is “in the hole” for more than half a million dollars, and beyond that, he’s underwater in his $1.575 million home.

Since “Drake & Josh” ended in 2007, Bell has gone on to voice a number of animated series and starred in a handful of TV movies, including a series of live-action “Fairly OddParents” films for Nick.

In 2013, the star is reported to have made just over $14,000. Bell also star popped up in the news last year when he publicly defended his friend and former “Amanda Show” costar Amanda Bynes shortly before she entered treatment.

Are you surprised that Drake is allegedly filing for bankruptcy? Sound off in the comments!