December 22, 2023 By subbiesu Leave a Comment

Anthony Quinn files bankruptcy petition for Danny Isaac, boss of Descon, Adcon, over $457k debt

A rival developer has moved to bankrupt the head of a besieged development group as it continues to battle a deluge of debt claims.

Kathleen Skene Follow 2 min read December 22, 2023 - 4:00PM

Gold Coast Bulletin

Bankruptcy proceedings have been filed against embattled developer Danny Isaac – on the eve of his birthday – as his Descon and Adcon companies battle a deluge of debt claims.

Rival developer and former Descon employee Anthony Quinn filed a creditor’s petition late on Thursday, the day before Mr Isaac’s 37th birthday.

Mr Isaac has previously been bankrupt under the name Sami Adib.

Mr Quinn issued a bankruptcy notice, giving Mr Isaac..

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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.

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.

Anthony Quinn files bankruptcy petition for Danny Isaac, boss of Descon, Adcon, over $457k debt

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