The liquidator of failed Gold Coast builder Pivotal Homes has revealed the scale of the collapse.
EVERY CREDITOR AND WHAT THEY’RE OWED >>Kathleen SkeneFollow 2 min readJune 14, 2022 - 11:30AM Gold Coast Bulletin
The liquidator of failed Gold Coast builder Pivotal Homes has revealed the company owed at least $5.4m to unsecured creditors when it collapsed in May.
The report, from Worrells liquidator Chris Cook, reveals the knock-on effect the failure is likely to have on scores of businesses throughout the region, and the families they support.
Subcontractors have taken the biggest hit from the collapse, many of them small family companies whose livelihoods depend on builders paying the bills.
Debts owed by Pivotal range from under $100 to over $1m.
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