A building company has collapsed into liquidation with 50 homeowners across Melbourne and regional Victoria impacted. News.com.au can reveal that River Dale Building Group Pty Ltd which traded under the name Chatham Homes went into voluntary liquidation less than 24 hours ago. Andrew Schwarz of insolvency firm AS Advisory wasContinue Reading
A prominent Western Australian builder has issued an emotional statement as his company enters voluntary administration. Modco Residential, a construction company founded by glamour couple Cynthia Lu and Yusuf Khan, has appointed Perth-based firm GTS Advisory to assist in navigating its unfolding collapse. Director Damien Clancy apologises that the company,Continue Reading
A court has spared an embattled building company from going into liquidation despite mounting debts, a “long line of creditors”, and the landlord repossessing the office space. On Wednesday morning, Melbourne-based Como Homes Pty Ltd was called in the Victorian Supreme Court after disgruntled creditors initiated winding up proceedings againstContinue Reading
Customers of a collapsed building company will receive their money back as part of a generous government bailout – except for one group who have been left out. In March, Australia’s 13th largest home builder Porter Davis Homes went into liquidation, placing 1700 projects and another 779 empty blocks ofContinue Reading
A Melbourne woman who was made redundant when failed home builder Porter Davis collapsed, has delivered a rare insight into the company’s “mind blowing” final hours of operation. In a video to TikTok, Lottie Griffin recounted “from start to finish” how her last day at the job she loved endedContinue Reading
Shattered customers who lost thousands of dollars in life savings to failed home builder Snowdon Developments are pleading with the Victorian Government to extend access to the Porter Davis compensation payments. In July last year, the Supreme Court of Victoria ordered the embattled firm to go into liquidation, impacting 52Continue Reading
Horror stories have emerged from some of the hundreds of customers left in the lurch by collapsed construction giant Porter Davis as the scale of the crisis becomes clearer. Dozens rallied on the steps of Victoria’s Parliament House on the weekend, demanding more robust safeguards to protect consumers from fallingContinue Reading