“..A new Ferrari, an Aston Martin and a Harley-Davidson are among prized possessions seized from Auckland lawyer Barry Hart after he failed to settle a $1.5 million debt.
The confiscation is the latest blow for Mr Hart, who was found guilty at a disciplinary tribunal of “grossly” overcharging clients – lost real estate valued at $26 million in a mortgagee sale – and had a company put into liquidation over an unpaid tax bill.
The veteran criminal barrister owed his bank $30 million and was being charged $200,000 a month in interest.
Now debt collectors have seized luxury cars, excavators, tractors and computer printers to settle a $1.5 million debt with GE Finance.
Among the repossessions were a 2011 Ferrari California that had travelled only about 100km – worth about $400,000 – an Aston Martin DB7 and a Harley-Davidson motorcycle.
Two classic cars, a 1969 MG and a 1958 Wolseley, were also taken, as were two Toyota Hilux utes…”
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