Mohamed Hadid’s Company Files for Bankruptcy, Report

Mohamed Hadid's Company Files for Bankruptcy, Report
Mohamed Hadid's Company Files for Bankruptcy, Report

Mohamed Hadid, father of supermodel sisters Gigi and Bella Hadid, has filed for bankruptcy just days after being ordered to tear down his Bel Air mega-mansion.

Hadid’s company, 901 Strada LLC, filed for reorganization in federal bankruptcy court on Wednesday, the day before Thanksgiving. The Hadid patriarch, 71, declared the company is $10-50 million in debt due to the construction of his 30,000 square-foot Bel-Air mansion, which he reportedly began in 2011, according to court documents obtained by Daily Mail and TMZ.

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Hadid’s attorney, Bruce Rudman, declined to comment to PEOPLE but did refute Daily Mail’s reporting that he declared Hadid was “broke” in Los Angeles Superior Court.

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In the bankruptcy filing, Hadid, who made cameos on Bravo’s Real Housewives of Beverly Hills and Vanderpump Rules, reportedly said the company is over $386,000 in debt to a design and management company. In addition, he claimed his company is over $200,000 in debt to a building materials company and owes over $93,000 to a demolition company as well as over $35,000 to plumbers.

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