Builder Mahercorp isn’t paying debts. Again
Home builder Mahercorp, which entered administration in April last year owing $75 million and emerged from it in June, has halted agreed repayments to some creditors in a move that blows the lid on unauthorised side deals that may be used to get support for the restructure of an insolvent company.
Melbourne-based Mahercorp, which sells under the 8 Homes and Urbanedge Homes brands, put 730 home builds on hold when it went into voluntary administration, citing the rising cost of materials and labour.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles