INDUSTRY NEWS

May 14, 2024 By subbiesu Leave a Comment

Waverley Residences at Southport in receivership as lenders look to secure their cash, buyers in limbo

Receivers have moved in on an unfinished Southport apartment development, leaving more than 60 apartment buyers in limbo. Find out why Kathleen Skene …

[Read more...] about Waverley Residences at Southport in receivership as lenders look to secure their cash, buyers in limbo

May 10, 2024 By subbiesu Leave a Comment

Adcon and Descon Group boss Danny Isaac spent more than $160,000 on flights since 2021

As subcontractors, lenders and staff struggled under millions in debt owed by Descon Group Australia and its companies, the group boss was on …

[Read more...] about Adcon and Descon Group boss Danny Isaac spent more than $160,000 on flights since 2021

May 10, 2024 By subbiesu Leave a Comment

Joseph El Azzi paid as ‘consultant’ for Descon’s Danny Isaac, director of new construction company

A man known as “Australia’s most unorthodox debt collector” is director of a new construction company which emerged in the wake of the collapse of the …

[Read more...] about Joseph El Azzi paid as ‘consultant’ for Descon’s Danny Isaac, director of new construction company

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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.