INVESTIGATIONS are continuing into the collapse of CQ builder Metro Builders, including claims the business made unfair preference payments and traded while insolvent.
Liquidator Jirsch Sutherland was appointed after Metro Builders closed on June 8 leaving debts of almost $5 million and 40 homes unfinished.
Jirsch Sutherland partner Chris Baskerville said he hoped to reach settlement with Edenbrook, the developer that owned the land on which Metro had two display homes.
One of the homes was completed to partial frame stage, the other was under contract.
Mr Baskerville said he was continuing to assist the QBCC in its efforts to compensate customers under the home warranty scheme and was still awaiting an independent insolvency report on the…
Read the full article at: https://www.themorningbulletin.com.au/news/cq-builder-investigation-finds-claims-of-insolvent/3488601/