INDUSTRY NEWS

August 5, 2024 By subbiesu Leave a Comment

Descon Group Australia liquidator queries deposits paid for luxury sports cars, missing equipment

Debts of failed national builder Descon Group have soared towards $400 million making it an unenviable contender for the largest construction group …

[Read more...] about Descon Group Australia liquidator queries deposits paid for luxury sports cars, missing equipment

July 30, 2024 By subbiesu Leave a Comment

Apartments in Raptis Pearl development to settle from next week despite legal scuffles

Resilient developer Raptis Group is set to settle on apartments in its 30-storey Pearl tower from next week, despite battling a flurry of court cases …

[Read more...] about Apartments in Raptis Pearl development to settle from next week despite legal scuffles

July 29, 2024 By subbiesu Leave a Comment

Winding up order, liquidator appointed for Starcrest Construction

A liquidator has been appointed to wind up a national construction giant based on the Gold Coast, which changed its name the day before it went into …

[Read more...] about Winding up order, liquidator appointed for Starcrest Construction

« Previous Page

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.