High-flier bankrupted

High-profile property developer and racehorse owner Don Ha has been bankrupted.

Friday, August 31st 2012

Ha and his wife Mohini were bankrupted in the Auckland High Court yesterday after action brought by KiwiBank, supported by BNZ, Westpac, ANZ National and the Public Trust.

It was reported that his lawyer asked for a 30-day adjournment of proceedings to try again to reach a creditors’ compromise but the judge rejected the request.

At one point, Ha was featured on the National Business Review Rich List and offered courses teaching others how to follow in his footsteps.

He began developing property in 1994 and had amassed a fortune of $60 million by 2007.

But in 2008 he fell off the rich list and over the past year many of his enterprises have been put into administration.

The Don Ha Training Academy went into liquidation in March.

Obtaining finance a strictly Auckland issue

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50

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High-flier bankrupted

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