Collapsed homebuilder Porter Daviss directors are being investigated for trading while insolvent as hundreds of customers risk losing their deposits.
About 500 people attended a webinar with appointed liquidators Grant Thorntons Said Jahani, Matt Byrnes and Cameron Crichton earlier this week to hear they could lose their deposits if work on their projects had not begun.
Porter Davis had about 470 employees and was forecasting revenue of $555 million for the 2023 financial year prior to its collapse last week.
During the webinar Said Jahani confirmed that insolvent trading was an area of investigation.
Directors of companies can be held personally liable for incurring debts that remain unpaid, if the company was insolvent when they incu…
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