Ha liquidating trust


21-Aug-2016 09:34

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Public Trust, which is the country's largest trustee organisation, had lent him the money to assist with the subdivision of residential land and housing in South Auckland.The debt is the latest in a series of misadventures for the Auckland millionaire, whose Don Ha Real Estate firm slipped into receivership in March last year.The city of Kenosha, Wisconsin Department of Health Services, United States Environmental Protection Agency, and Kenosha County Division of Health collaborated on environmental assessment, remediation, and preparation of the property for redevelopment.The investor and property mentor did not appear at the High Court in Auckland yesterday, having abandoned his opposition to the judgment just two days beforehand.Fees from the 2001 bankruptcy of infamous energy trading firm Enron look paltry by comparison, at 3 million.

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The most recent receivers report said Kiwibank was unlikely to be repaid in full, and unsecured creditors would get nothing back.

Alongside his property business, Ha ran wealth creation seminars through his Don Ha Academy, but said yesterday he had dropped those while he went through the rebuilding process.



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