Work has stopped on about 110 residential home building sites as Perth builder BuiltonCorp is placed into voluntary administration.
Administrators Con Cordis have announced the company owes about $16 million to 350 unsecured creditors, mostly subcontractors.
They also said 38 jobs at the company had been axed, and a priority would be to return any unpaid entitlements to those workers.
The administrators were also appointed to Builton Group, Builton Property Holdings a…
Read the full article at: http://www.abc.net.au/news/2017-01-24/builtoncorp-home-owners-caught-perth-building-company-collapse/8207640