subbiesu, Author at Subbies United - Page 3 of 119

February 11, 2020 By subbiesu Leave a Comment

MJM Projects, trading as Vystal Construction and Development in Liquidation

As reported in the Courier Mail, Vystal Construction is in liquidation after stringing out subbies for almost 12 months. They owe over 180 creditors …

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February 11, 2020 By subbiesu Leave a Comment

Vystal Construction and Development goes bust, owing $4.1m to almost 200 creditors

An established Brisbane construction company being watched by the QBCC has gone bust owing millions to almost 200 creditors. SEE THE LIST OF …

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February 11, 2020 By subbiesu Leave a Comment

City Beat: Sommer and Staff Constructions liquidator flags court probe into $15 million collapse

One of the biggest Queensland building industry collapses in recent years could be the subject of a court probe to uncover the reasons for the firm’s …

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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 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.