Watersun Constructions Down the Gutter, and Tradies Suffer
The second collapse of the commercial arm of Watersun, which entered administration on April 28, 2017, was once again devastating to its subcontractors who have lost...
Watersun Homes: Silence, Secrecy, and Shattered Lives
In late February, news broke that Watersun Homes had slipped into voluntary administration, signalling it may sail off into the sunset.
Australian Construction Firms Owed $15.4 billion in Unpaid Debt
Small and medium sized construction businesses throughout Australia are ‘drowning in a sea of unpaid customer bills’ according to the latest report which found that small...
Another Home Builder Goes Bust
Work has stopped on more than 100 home building sites after a Perth construction company went bust, leaving 38 staff unemployed and about 350 unsecured creditors...
Day’s Unsecured SA Creditors Lose Millions
More than 150 unsecured creditors of former senator Bob Day's failed building company in South Australia will not be paid the millions of dollars they are...
More Bad News For Bob Day’s Creditors
Every creditor of former senator Bob Day's home building group except National Australia Bank is likely to come away with nothing, liquidators say.
Bob Day Look’s to Remain in Parliament as Thousands of Creditors Left Hanging
Family First senator Bob Day says he may see out his parliamentary term if an investor can "revive" his housing group, which owes almost $38 million...
Bob Day’s Companies Owe Suppliers Over $12million
Failed building boss and departing Senator Bob Day has gone to ground as the fallout continues over the liquidation of his building group which has left...
WA Posts Record Debt
Several years ago, WA was the nation's strongest economy in the middle of Australia's greatest mining boom but it has now unveiled its highest ever...
John McGrath Denies Gambling Debt Claims
John McGrath has denied his gambling debts are out of control or in any way linked to his stake in his embattled real estate business.
Goodman Sells NZ Buildings to Pay Down Debt
Goodman Property Trust will sell three of its Auckland offices for $206 million to reduce debt.