Collapsed Mooloolaba builder BA Murphy’s creditors given final dividend deadline
Creditors of a builder face a final deadline to claim their share of a $159,000 payout from the multimillion dollar collapse.
A four-year battle for creditors involved in the collapse of a prominent South East Queensland building company could soon end as the liquidator reveals the final deadline for debt claims.
The Mooloolaba-based company, BA Murphy Constructions, was first placed into liquidation in December 2021.
Liquidators Benjamin Campbell and John Park were appointed to complete the company’s winding up, which was estimated to involve a debt of about $19m in 2023.
The latest notice published to the Australian Securities and Investments Commission on October 14 stated creditors in the BA Murphy Construction collapse would need to have submitted their proof of debt before November 5 in order to gain a dividend from the liquidation.
“If they do not, they will be excluded from the benefit of the dividend,” the notice stated.
According to the most recent and final report to creditors, published in July this year, the company’s director, Ben Murphy, was declared bankrupt in February 2023.
Mr Murphy also had multiple claims of insolvent trading made against him.
“We submitted a claim for insolvent trading against the Director’s bankrupt estate totalling $6,321,432 on behalf of the company,” the report from the liquidator stated.
“The liquidators submitted a total of three insolvent trading claims (an additional two insolvent trading claims were for related entities of the company) and formed the majority of claims in the bankrupt estate of the Director.”
The report stated the final distribution from Mr Murphy’s estate had been paid earlier this year.
“On 21 February 2025, the company received a final distribution of approximately $159,000 from the bankrupt estate of the director,” the report stated.
Mr Campbell has been contacted for comment by this publication.
