Bob Day replacement drama ongoing
BOB Day creditors were on Thursday given a grim preview of what to expect at Fridays Adelaide meeting, when their counterparts in Sydney were told the NSW arm of the business owes $19 million and has just $150 in the bank.
Homestead Homes creditors will gather at the Law Society of SAs North Tce headquarters at 9am to hear liquidators McGrathNicol discuss the consequences of Mr Days failed Home Australia group.
At the meeting in Sydney, creditors of Mr Days NSW home-building business were also told Mr Day may have been targeted for extortion.
He had been promised US$20 million from an investor to bail out his company but the…
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