E! News said Thursday the former Nickelodeon star requested Chapter 7 protection in May 2013, noting he owns $1.575 million in real estate and $10,500 in personal property, but has debts of about $2.166 million.
Bell, 27, said he owes more than $46,000 to the IRS and has monthly expenses that total more than $18,000, but makes an average of $2,820 a month.
Bell recently competed on the diving competition series "Splash," and will next be seen in the films "Jungle Shuffle" and "L.A. Slasher," E! said.
Notable deaths of 2014 [PHOTOS]