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Builder Mahercorp isn’t paying debts. Again

Michael Bleby
Michael BlebyDeputy property editor
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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.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/commercial/builder-mahercorp-isn-t-paying-debts-again-20240430-p5fnvp