subbiesu, Author at Subbies United - Page 30 of 283

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 …

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December 14, 2023 By subbiesu Leave a Comment

CVS Lane calls in receivers for Tallis Group’s Akin Residences Brisbane after Descon fallout

Receivers have been called in to a $180m luxury tower development after a bitter fallout between the developer and builder. Find out why Kathleen …

[Read more...] about CVS Lane calls in receivers for Tallis Group’s Akin Residences Brisbane after Descon fallout

December 12, 2023 By subbiesu Leave a Comment

GDI Group to take on build of Drift Residences Main Beach after GCB Constructions liquidation

Work on this $75m tower halted amid a multimillion-dollar fallout between the developer and builder in May. Now buyers in the luxury project are …

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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.