subbiesu, Author at Subbies United - Page 22 of 72

March 14, 2022 By subbiesu Leave a Comment

Second huge building firm faces COLLAPSE with $1billion in projects and 125 jobs on the line just weeks after Probuild crashed

Queensland construction giant Condev met with developers on Monday Company is facing collapse amid labour shortages, floods, rising material …

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March 14, 2022 By subbiesu Leave a Comment

Condev Subbies Stay Home

14-03-2022 10.30am Despite plea's from Condev management to "come to work today", Condev Subbies are scrambling to get their gear off various sites …

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March 9, 2022 By subbiesu Leave a Comment

Probuild collapse: administrators investigate $50m transferred to civil construction division

From The Guardian Documents show Probuild’s WBHO Infrastructure borrowed $48.7m from other parts of the group last year as it struggled to …

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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.