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 NSW family has lost $59,000 in the wake of their builder going into liquidation. Chris Le, his partner, and both their sets of parents had paid a hefty deposit to Simone Homes to build them a house on a plot of land in Eagle Vale, in Sydney’s southwest. ButContinue Reading
Melbourne residents are sounding the alarm over a tradie they claim is a serial scammer who has racked up a trail of devastated customers now tens of thousands of dollars out of pocket. News.com.au previously reported that Tomislav ‘Tom’ Jankovic, the eponymous director of Big Tom Construction, has a retiredContinue Reading
The insurer who brutally rejected a Queensland couple impacted by a collapsed building company and left them to foot the $180,000 bill themselves has backflipped. Last week, news.com.au reported that parents-of-seven Valerie and Stephen Kenner, from Logan, had just six weeks left before their dream home would be fully completedContinue Reading
Australia’s top model is the daughter of two former directors who left behind a $45 million trail of debt when their companies collapsed. Last week, Melbourne-based Moraya Wilson earned the title of Miss Universe Australia at a national beauty pageant event. But as the spotlight turned her way, her family’sContinue Reading
A Victorian state MP is demanding the government pay back the tradie victims caught up in the $4.2 million collapse of a lead building contractor. Last month, news.com.au reported that Exel Infragroup Pty Ltd had plunged into liquidation owing $4.225 million to 83 creditors. The Victorian-based business was the leadContinue Reading
Experts are sounding the alarm over the large number of “financially weak” companies listed on the Australian stock exchange as multiple have gone bust in the past year and more failures are expected to come. A new report released by financial market research firm Stock Doctor on Thursday found thatContinue Reading
Tradies and homeowners have been left reeling from the news that a Sydney building company has gone bust. Last Thursday, on August 24, Simone Homes Pty Ltd went into voluntary liquidation. The family-run business was headquartered in Leppington in Sydney’s southwest and its liquidator is now Bradley John Tonks ofContinue Reading
An ASX-listed food, beverage and nutrition retailer has abruptly halted trading on the stock market after it entered both administration and receivership. At the end of last week, Halo Food Co went into voluntary administration and the next day, receivers were also appointed. The firm boasted a range of bigContinue Reading
A fabrication company has collapsed into liquidation just months after shutting down its phone lines, letting staff go and ghosting tradies. On Tuesday, Sydney-based YME Metal Projects Pty Ltd, which subcontracted to building companies completing metalwork such as ballustrading and handrails, went into voluntary liquidation. The business worked on aContinue Reading