Media Reports

November 21, 2024 By subbiesu Leave a Comment

$20m disappeared from failed builder Privium before collapse: court told

The boss of failed Queensland builder Privium allegedly set up a complex series of transactions before its collapse that saw $20m effectively …

November 21, 2024 By subbiesu Leave a Comment

Court told profits from failed building giant Privium were earmarked to spread the gospel

Three years after building giant Privium’s spectacular $80 million collapse, which left more than 700 homes unfinished, its founder has told a court …

November 17, 2024 By subbiesu Leave a Comment

Developers welcome Queensland government suspending Best Practice Industry Conditions amid ‘constructability crisis’

By Jemima BurtTopic:Construction and Real Estate Industry Fri 15 Nov ABC News The peak body for urban developers says it's taking Queensland …

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.

$20m disappeared from failed builder Privium before collapse: court told

Court told profits from failed building giant Privium were earmarked to spread the gospel

Developers welcome Queensland government suspending Best Practice Industry Conditions amid ‘constructability crisis’

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