Hedge fund investor Jason Ader, once known for his lavish lifestyle and high-profile deals, has filed for personal bankruptcy in Miami after a series of financial setbacks. His mother, Pamela Ader, a wealthy New York artist, is suing him for allegedly defaulting on a $13 million mortgage tied to his late father's Manhattan townhouse. Court documents reveal Ader claims to have just $239,000 left, along with a few personal belongings and two guinea pigs, while owing millions to banks, lawyers, tax authorities, and investors.

Ader's financial troubles have been compounded by ongoing divorce proceedings with his estranged wife, unpaid tax bills, and lawsuits from creditors, including a major credit card company over alleged extravagant spending. Despite his current role as an advisor in the gaming sector, Ader says he is working to reorganize his debts and resolve the disputes through legal channels. The bankruptcy case and the lawsuit from his mother are still pending in court.