Liquidators say Bulkbuild managing director Digen Hur faces being sued and losing his home

Liquidators have the director of a Brisbane construction company in their sights and he now faces legal action and potentially losing his house as he’s pursued for close to $500,000.

THE owner of a collapsed Brisbane building company now faces being sued and losing his house as liquidators pursue him for almost $500,000.

Mansfield-based Bulkbuild, which was controlled by sole director Digen Hur, went into voluntary administration in May and then a month ago Hall Chadwick’s Ginette Muller and Marcus Watters were appointed liquidators.

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Brisbane-based builder Bulkbuild has gone into voluntary administration owing creditors about $1.6 million

When Bulkbuild collapsed it initially owed about $1.6 million but creditors claims could now be as much as $5 million.

Ms Muller said the liquidators may have to start legal action to get Mr Hur to pay $480,000 which was guaranteed through the Queensland Building and Construction Commission’s Deed of Covenant and Assurance.

London Residences at West End.

She said the guarantee on Mr Hur’s jointly owned house was due to expire in a fortnight.

“Currently no proposal has been received as to how the director will satisfy that claim and the liquidator may have to commence legal action to enforce the security,” she said.

The QBCC suspended Bulkbuild’s licence on March 11 for its failure to meet minimum financial requirements.

However, it reinstated the licence on April 7 after Bulkbuild showed that it had taken steps to improve its position to the point where it met its financial requirements.

At the time Bulkbuild went into voluntary administration in May it was working on the Ferro Property Group’s West End apartment project, London Residences.

A QBCC spokesman said QBCC licensees were able to use a Deed of Covenant and Assurance to demonstrate they have sufficient net tangible assets to meet the maximum revenue level required for their licence category.

“The introduction of Deeds of Covenant and Assurance and the associated deed amounts being assured for a licensee by a covenantor have strengthened the QBCC’s ability to confirm the net tangible assets of a covenantor, who is often the director of a company,” he said.

According to Bulkbuild’s website, Mr Hur has been involved in a number of high-profile projects in NSW and Queensland worth up to $670 million.

Some of the projects in Queensland include the Jephson Hotel in Toowong, Aldi in the Fairfield Gardens shopping centre and the Yan Jian Australia HQ in the Brisbane CBD.

In NSW, the company’s projects included the Sydney ABC television building, UWS School of Medicine, Lidcombe Juvenile Justice Centre, Sydney Park Village and the Zenix building in Erskineville.

The Courier-Mail has tried to contact Mr Hur for comment.