INDUSTRY NEWS

September 5, 2024 By subbiesu Leave a Comment

Waverley Residences to be placed on market, buyer contracts void in wake of Descon Group collapse

Contracts for more than 60 apartments in a Gold Coast development have been torn up, leaving “heartbroken” buyers buyers without their long-awaited …

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September 5, 2024 By subbiesu Leave a Comment

Buyers in York Property’s Midwater tower fear delays could see them lose apartments via sunset clauses

Buyers in the troubled Midwater tower fear delays caused by a battle between the developer and builder will see them lose the beachside apartments …

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September 3, 2024 By subbiesu Leave a Comment

Police called to site of Midwater Main Beach amid stoush between Tomkins and York Property

Police have been called to the site of a $100 million development where work has stopped over a fiery payment dispute. Read more Kathleen Skene …

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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.