He had a reputation for not paying, a lot of the cash-flow problems he had came from the fact that his sub-contractors would only work for him if he paid up front because they knew if they didn't it would be a fight to get the money out of him.
He was trading while insolvent and spending millions on the Nix even though he couldn't even pay the guy who was cleaning his pool (literally), let alone all the tradespeople he didn't pay, as well as the millions he owed to the IRD.
He took a lot of people down with him, but afterwards was still driving his jaguar and going on overseas holidays whereas the people who worked for him lost everything.
If he tries to make a comeback as a property developer he's going to struggle as there won't be a lot of trust in him from the industry.
He was trading while insolvent and spending millions on the Nix even though he couldn't even pay the guy who was cleaning his pool (literally), let alone all the tradespeople he didn't pay, as well as the millions he owed to the IRD.
He took a lot of people down with him, but afterwards was still driving his jaguar and going on overseas holidays whereas the people who worked for him lost everything.
If he tries to make a comeback as a property developer he's going to struggle as there won't be a lot of trust in him from the industry.