More than 20,000 homeowners across 20 buildings could be affected by the beleaguered Sydney developer Jean Nassifs Toplace Group, administrators told the first creditors meeting on Wednesday.
The administrators, DVT Groups Antony Resnick and Suelen McCallum, said they were investigating assets and liabilities well in excess of $1 billion. The number of assets and liabilities under scrutiny has grown since Toplaces building arm went into voluntary administration at the start of July, with 64 more subsidiaries going under over the past fortnight.
Toplaces founder and sole director Jean Nassif is on the run overseas. Instagram
The voluntary administration of Toplace may well be among one of the lar…
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