Chapter 11 Law Reform
Rob Berry – Subbies United When you think about what is to come when Government stimulus is wound back later this year, this reform could be timely. There will be an avalanche of building industry insolvencies and many subbies will be in for a rough ride. The Government announcement for chapter 11 law reform will […]
Creditors Have Had A Gut Full
Contracts, How You Got Screwed!
Subbies, creditors vote to oust Bulkbuild administrator as debts rise to $4m
Angry subbies, creditors in uproar as collapsed builder’s debt doubles to $3.4m and meeting shutdown
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- Builders Asking Subbies & Suppliers For Large Discounts Due To Covid 19
- COVID 19 – Dawn on the horizon – What Subbies Can Expect In the Future
- QBE Does Backflip After Withdrawing Cover Mid Contract
- Insurance Giant QBE Uses Pandemic to Screw the Subcontractors
- Notice To Subcontractors
- MJM Projects, trading as Vystal Construction and Development in Liquidation
- Special Joint Taskforce Report
Let's Keep the Bastards Honest !!
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ABOUT US
SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.
It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.
It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.
Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.
We want the rogues investigated and prosecuted for fraud so our goal is to pressure the Queensland Government to set up a fully funded Police Task Force to investigate and prosecute Construction Industry fraud.
- SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
- We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
- There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
- The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
- Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.