A big bank and a development company have been revealed as the biggest creditors of failed Gold Coast construction giant Condev, as liquidators pick apart the $56m collapse. EVERY CREDITOR AND WHAT THEY’RE OWED
Kathleen Skene Follow less than 2 min read June 23, 2022 - 3:16PM Gold Coast Bulletin
A big bank and a local development company have been revealed as the biggest creditors of failed Gold Coast construction giant Condev, as liquidators continue to pick apart the devastating $56m collapse.
As claims against Condev continue to mount, Westpac is the largest creditor, with a secured debt of $6.23m.
Illustrating the knock-on effect the collapse has had in the industry, the second-largest creditor is Palm Beach Development Co, which has logged a claim of $3.54m.
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