Creditors of collapsed Gold Coast builder Queensland One Homes are still owed more than $5.8 million, but the liquidator has revealed even the best-case scenario means they’re likely to recoup far less.
Kathleen Skene, Business editor, Gold Coast Bulletin Subscriber only|September 17, 2019 12:08pm
CREDITORS of collapsed Gold Coast builder Queensland One Homes are still owed more than $5.8 million, but will only recoup $2.07 million from the company’s assets — and that’s the best-case scenario, according to the latest report from the company’s liquidator.
Queensland One Homes, also known as Q1 Homes, collapsed in 2017 owing more than $5.8 million to more than 130 tradies and taxpayers and leaving families with incomplete homes.
Victims found out in July they would finally have their day in court, with the five-day public examination to be held in the Federal Court at Brisbane from September 30.
Liquidator Michael Caspaney has issued 10 summonses for examination in the case, which left scores of tradies and home buyers millions of dollars out of pocket.
Among those expected to take the stand is bankrupt and unlicensed builder Paul Callender, 36, the sole director of Q1, and his cosmetic surgery nurse wife Amber Callender, 38, director of related unlicensed company Empire Constructions, which took on Q1 Homes contracts after the collapse in 2017.