Fighting for Subbies Rights
Some positive news for Cullen creditors. This is a very slow process but if you read the minutes, you will see that progress is being made in the recovery of some of the assets that your money went into.
Why some builders think that our money is theirs to use to make their fortune is just totally beyond me and that is clearly what happened here with those 9 Bay Terrace units.
You be the judge.
You can read the minutes here in their entirety.
This liquidator is working for the creditors and while many are not happy with the preference claims, he is groundbreaking in the fact that he is working for the creditors, not the liquidating builder.
It is early days in the investigation but the Liquidator believes there will be a return to creditors and that would be unheard of in a building industry liquidation.