Peter O’Brien
Regional building company Peter OBrien Constructions has gone into voluntary administration after being owed $12 million by debtors including a government organisation.
The Blayney-based firm owes $5.7 million to creditors including regional subcontractors.
A statement released by Mr OBrien said he and his wife Melissa had been forced to sell their assets.
The OBriens have put up their family homes for sale, selling assets and cars to try and recover funds and somehow pay back debts, it said.
Sydney firm Veritas Advisory has been appointed administrator for the company.
Director Steve Naidenov said they were now collating information about three major debtors.
The future of the company will be decided at the second meeting of cre…
Read the full article at: http://www.westernadvocate.com.au/story/4935507/peter-obrien-constructions-goes-into-voluntary-administration-due-to-millions-of-dollars-owed/