Mohamed Hadid Clarifies He Isn't Bankrupt, But His Company is Another Story

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Mohamed Hadid would like to clarify that he is, in fact, not bankrupt.

's pop was out in Bev Hills Saturday night when a paparazzo asked him about the news he's gone bankrupt. Mohamed seemed confused, at first, by the question. Fact is, the photog was a little off with the facts.

TMZ broke the story .. Mohamed did file bankruptcy papers last week in L.A., but it's his construction company, 901 Strada LLC, that's gone belly up ... not Mohamed, personally. Watch the video because Mohamed wants the pap -- and the world -- to know he's doing just fine.. The company was building the massive Bel-Air mega mansion, known as the Starship Enterprise, but last month a judge declared it a"clear and present danger" to the surrounding neighborhood.

That alone would cost his company $500k, but in the clip it doesn't sound like Mohamed's planning to move the mansion off that mountain.

 

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