Category Archives: Liquidation

Residence Building Group the latest company to join string of collapsed builders in South Australia this year – ABC News

Yet another South Australian builder has gone into voluntary administration, citing fixed price contracts as a factor behind debts of more than $1 million. Key points: Residence Building Group has appointed a voluntary administrator The company has shared the news in an email The managing director said COVID-19 and inflation were contributing factors The Residence Building Group yesterday appointed…

Chatham Homes enters voluntary liquidation owing $2m and leaving builds unfinished – ABC News

A building industry association says the customers of a Victorian home builder in voluntary liquidation might have to pay more to get their homes completed. Key points: The company owes $2 million to 200 unsecured creditors and has left 50 projects unfinished in Victoria The Master Builders Association of Victoria says customers might have to pay…

Victorian builder Chatham Homes enters liquidation owing $2,000,000 to unsecured creditors – 7NEWS

A Victorian residential builder has entered liquidation and terminated all of its staff. River Dale Building Group Pty Ltd, which trades as Chatham Homes, appointed AS Advisory as its liquidator on Monday, October 2. The firm said Chatham Homes stopped work on all of its current 50 residential home projects in Victoria, while there were…

Victorian building company Chatham Homes goes into liquidation, putting 50 projects at risk – 9News

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…

Staff sacked on the spot as builder collapses – news.com.au

A building company has collapsed into liquidation with 50 homeowners across Melbourne and regional Victoria impacted. News.com.au can reveal that River Dale Building Group Pty Ltd which traded under the name Chatham Homes went into voluntary liquidation less than 24 hours ago. Andrew Schwarz of insolvency firm AS Advisory was appointed as the liquidator around…

Future Retail lenders reject Space Mantra's bid; NCLT extends insolvency period for 15 days – Moneycontrol

Future Retail lenders reject Space Mantra’s bid; NCLT extends insolvency period for 15 days The lenders of Future Retail Ltd have rejected the bid submitted by Space Mantra for the debt-ridden firm, which is currently going through Corporate Insolvency Resolution Process (CIRP). The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed…

Another Aussie builder goes bust – news.com.au

Another Aussie builder has fallen victim to the construction crisis seizing the country. Zadro Constructions had to lay off all seven of its staff as it went into voluntary administration last month. Grant Thornton Australia was appointed as administrator for the western Sydney-based outfit on September 15. The companys website was no longer operational on…

The truth behind the 'audacious' return of the Pop-up Globe – The Spinoff

The Pop-up Globe might be returning to the stage, but not everybodys happy about it. Sam Brooks talks to some creditors left in the dark after the companys liquidation about its shock 2023 return. On September 15, the Pop-up Globe announced it would be making an audacious return to Auckland, with a remounting of its…

The challenge of forensic accounting in the digital economy … – INTHEBLACK

The digital economy has broadened the scope and quality of forensic evidence, but it has also presented new challenges. Forensic accountants used to take a copy of the contents of a companys server for analysis. Today, data is often stored on a remote server managed by a third-party vendor, and Hawkes says there may be legal…

Building company Zadro Constructions goes into voluntary administration – Daily Mail

Building company Zadro Constructions goes into voluntary administration Construction company collapses after 51 years Zadro Constructions went into voluntary administration READ MORE:   By Peter Vincent For Daily Mail Australia Published: 16:21 AEDT, 2 October 2023 | Updated: 16:58 AEDT, 2 October 2023