Home News Life Gigi and Bella Hadid’s father filed for bankruptcy

Gigi and Bella Hadid’s father filed for bankruptcy

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Mohamed Hadid (71), the father models Gigi (24) and Bella Hadid (23), has filed for bankruptcy, reports the British Daily Mail. The news comes a week after a judge decided that the millionaire must smash his gigantic home.

“It’s unsafe and it’s dangerous”

There have been rumors for a long time that the entrepreneur would not have the money to throw the house down. Because he has now filed for bankruptcy, there is a possibility that he does not have to pay for the demolition himself. Should this be the case, the Los Angeles taxpayer will have to pay for the job that is said to cost five million dollars.

Mohamed’s gigantic house would be far too dangerous and must therefore be demolished. So now bankruptcy has been requested for 901 Strada LLC, the company of Mohamed. His lawyer Burce Rudman told the court earlier this month that his client does not have the money for the demolition. Also Mohamed could not cough up the $ 500,000 imposed by the judge. This amount is for the designated person who must supervise the demolition.

“It’s unsafe and it’s dangerous,” the judge said about the property. “If this house came down the hill, it would carry part of the neighborhood.”

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