Australia’s construction industry has been rocked by the collapse of yet another builder.
Victorian firm River Dale Building Group Pty Ltd, which trades as Chatham Homes, appointed Andrew Schwarz from AS Advisory as liquidator at lunchtime on Monday.
Schwarz confirmed to 9news.com.au that the company owes around 200 creditors a total of $2 million, although the liquidators are still gathering information about its affairs.
Sixteen staff had their employment terminated yesterday, and the status of Chatham Homes’ roughly 50 active building projects which are at various stages of completion is up in the air.
Schwarz said the…
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