Gigi and Bella Hadid’s Father Declares Company’s Bankruptcy
Just days after he was ordered to tear down his Los Angeles mega-mansion over safety violations, Mohamed Hadid makes the Chapter 11 filing through his attorney.
AceShowbiz –Gigi Hadid and Bella Hadid‘s father has filed for bankruptcy.
Real estate tycoon Mohamed Hadid, 71, has declared Chapter 11 bankruptcy on behalf of his California company.
His attorney submitted the filing on Wednesday, November 27, according to the MailOnline, revealing Mohamed is “broke”.
The news comes days after a judge told Hadid he had to tear down his “dangerous” Los Angeles mega-mansion, and his lawyer insists his client cannot even afford the $500,000 (£387,000) demolition fee.
Hadid has become a TMZ and reality TV regular in recent years, often flaunting his wealth on shows like “Second Wives Club”, “The Real Housewives of Beverly Hills“, and “Shahs of Sunset“.
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