SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                      THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 12, 2003(March 10, 2003)

                                UCAP Incorporated

     Colorado                      0-27480                    84-1325695

  (State or other
  jurisdiction of          (Commission File ID No.)       (IRS Employer No.)
   incorporation

                        Suite 700, 14001 E. Iliff Avenue
                                Denver, CO 80014
                    (Address of principal executive offices)

                                 (303) 696-1700
              (Registrant's telephone number, including area code)

         (Former name or former address, if changed since last report)

Item 3.  Bankruptcy or Receivership

     On March 10, 2003, the Superior  Court of Fulton  County,  State of Georgia
(the  "Court")  issued  an  order  effective  on  such  date(Civil   Action  No.
2003-CV-64434) appointing James F. Hart as Receiver of UCAP Incorporated, United
Capital  Mortgage  Corp.,  UCMC Real Estate I, Inc., and The Accent Group,  Inc.
(collectively,  the  "Receivership  Parties") in the matter of Richard P. Smyth,
RPS & Associates, LLC, and Mongoose Investments, LLC v. UCAP, Inc. f/k/a Lahaina
Acquisitions,  Inc. ("UCAP"), United Capital Mortgage Corp., UCMC Real Estate I,
Inc., The Accent Group,  Inc.,  JBM, LLC a/k/a JBM Company,  LLC, and William D.
McCord (the "Litigation").  The plaintiffs are judgment creditors of UCAP in the
matter of GCA  Strategic  Investment  Fund,  Ltd. v. Richard P. Smyth,  et. al.,
Civil  Action File No.  2001-CV-32691.  The  background  of the  Litigation  was
previously  reported by the  Registrant in a current report on Form 8-K filed on
February 11, 2003.

     Pursuant to the Order, the receiver shall have all of the powers and duties
afforded receivers  generally under Georgia law, and the Order further discusses
Mr. Hart's duties with respect to the Receivership Parties, Mr. Hart's power and
authority to act on behalf of the Receivership  Parties, Mr. Hart's compensation
and procedures implemented by the court to monitor Mr. Hart's supervision of the
Receivership Parties.

     As a result of the order,  the  Receivership  Parties'  operations shall be
under the  supervision of the Receiver.

Item 7. Financial  Statements and Exhibits.

        None


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.

                                        UCAP Incorporated
                                        (Registrant)


Dated:  March 12, 2003                  By:   / s / Dan Moudy
                                        --------------------------------------
                                        Dan Moudy
                                        President