Keep up with
Newstalk ZB

Thu, 23 May 2013, 18:56

Have Your Say

Talkback 0800 80 10 80
Overseas +64 9 307 1080
Text 9292

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • Sign Up

Site Search

Search Search

Select your region:

Hart fighting to retain property ownership

Share |

Hart fighting to retain property ownership

By: APNZ | New Zealand News | Monday October 15 2012 13:34

 

Embattled defence lawyer Barry Hart is fighting to retain ownership of the last of his 10 properties in court today.

ANZ Bank is attempting to regain a $30 million loan from Hart, and has sold all but one of his properties to do so.

The bank is today seeking an order in the High Court at Auckland for Mr Hart to vacate the last property so it can be sold.

Hart, who has been struck off as a lawyer after being found to have overcharged his clients, will represent himself at the hearing.

He is yet to make submissions but alleges the bank has not followed due process in conducting mortgagee sales of the properties.

ANZ lawyer Laura O'Gorman told the court this was not the case and the bank had made every attempt to get the best possible price for the properties.

"The bank has every reason to maximise the proceeds of sale for these properties," she said.

Mr Hart had not allowed property valuers to access the properties, and they'd had to make their assessments from the roadside and with aerial photographs, she said.

He had initially asked if he could sell the properties privately and give the proceeds to the bank to avoid mortgagee sales, but he missed the deadline.

He had asked the bank allow this "long maturing process to be given the chance to finally bloom", Ms O'Gorman said.

The bank was not willing to wait any longer.

Photo: NZ Herald

 

Related Subjects

Barry Hart | ANZ Bank |

 

New Zealand News

Advertisement
Mike Hosking Breakfast
Advertisement
  • Rugby: Ellison could find himself back in NZ

  • AFL: Essendon CEO steps aside amid scandal

  • Super Rugby: Blues looking forward after Henry's c ...

  • NHL: Penguins beat Senators convincingly

  • Mum on couch for three years, daughter charged

  • A spate of crashes in Waikato

  • Amnesty International report slams New Zealand

  • Mallory Manning trial not likely until 2014

  • Australian mining sector softe ...

  • Clean up in Moore, Oklahoma cl ...

  • Terror attack outside UK milit ...

  • Mike, Bernie and Tony: Going a ...

  • Wednesday-Twister

  • Tuesday-Things People Do Not W ...

  • Friday-Budget Passion

  • Thursday-Topless Research

National Convention Centre

Do you support the Government's deal with SkyCity over the National Convention Centre

Vote Now

View Results