A residential building company in Melbourne has been ordered to wind up after accumulating nearly $1 million in unpaid debts. The company has been involved in a legal battle and has appointed liquidators to handle the insolvency process.
A residential building company has collapsed into liquidation just a few months after landing in court over nearly $1 million in unpaid debts .
Honourable Associate Justice Gobbo ordered that “Como Homes Pty Ltd be wound up in insolvency under the provisions of the Corporations Act 2001”. The firm has been involved in a messy legal fight since the beginning of this year and in July, news.com.au reported that Brendan* is relieved the company has gone under because he can finally access a last resort insurance scheme to recover the $35,000 deposit he paid.
On January 24, Flooring Xtra began winding up proceedings against the embattled construction firm after it failed to comply with a statutory demand for payment. In April, landlords repossessed the builder’s office in Dandenong which was also when its landline stopped working.At the time, Jeremy*, a customer, said he had “been sending emails, texts, no reply”.“Nothing happened until February. And then the house was demolished. And then that’s it, nothing has happened,” he previously told news.com.au.
Residential Building Company Liquidation Unpaid Debts Court Insolvency Creditors Melbourne
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