Homeowners caught up in the collapse of WA builder Builton Group will only be able to claim up to $100,000 in losses for an alternative builder to finish their half-built homes, potentially leaving many heavily out-of-pocket.
The Burswood-based builder, which also trades under the brands Platinum Homes and Aspireon Homes, went into external administration on Monday, owing creditors and banks least $30 million.
Cor Cordis has been appointed as voluntary administrator of the company, with partner Dino Travaglini advising homeowners on Tuesday to contact their offices or Builton’s insurer, QBE, to determine…
Read the full article at: http://www.theage.com.au/wa-news/homeowners-outofpocket-wa-builder-collapse-could-cost-thousands-20170124-gtxzfx.html