Let's Keep the Bastards Honest !!
We support Subcontractors Alliance
March 4, 2022 — 3.18pm
The administrators of collapsed building giant Probuild, edging closer to a sale of parts of the business, have refunded $171,700 in fees they were paid by the builder before it slid into administration.
More than $5 billion worth of major building projects around Australia are in limbo after Probuild collapsed into administration on February 24 owing 2300 creditors and 786 employees millions of dollars.
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.
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