Amanda Bynes formally diagnosed with Schizophrenia, Bipolar Disorder

Amanda Bynes has been formally diagnosed with schizophrenia and bipolar disorder, it has been revealed.

A source has revealed that Bynes' parents had already suspected her mental disorder before her diagnosis at UCLA Medical Center, Radar Online reported.

The insider revealed that it was difficult for the parents of the 'She's the Man' star to deal with her issues.

The insider said that Bynes can lead a long, normal life, as long as she takes her medication and the doctors are still working to get her therapeutic meds.

The source asserted that the 27-year-old actress was responding to the medications she is being given to treat her dual diagnosis.

Bynes' parents had earlier released a statement saying that upon the recommendation of healthcare professionals at UCLA Medical Center, Bynes is receiving specialized treatment in a private facility outside of Los Angeles.

The parents also insisted that their troubled daughter was making great strides towards recovery.

Bynes was hospitalized for psychiatric evaluation after she allegedly set fire in Californian neighborhood, and was later transferred to UCLA Medical Center for further treatment.