Oracle Homes’ mystery $5m creditor revealed
As hundreds of trade creditors owed millions by collapsed builder Oracle worry if they’ll get paid, the identity of another party seeking $5.7m in the liquidation can now be revealed.
Company Collapses
The latest news on Queensland company collapses
Failed building company Oracle’s whopping debts revealed
In an official report, collapsed building company Oracle’s founder Tom Orel says it has debts to trade creditors of $7.6m while a mystery “related party” is owed a further $5.7 million.
Company behind $500m mega development goes under
The developer behind a $500m masterplanned project on the Gold Coast has called in administrators, leaving creditors owed about $80m.
New blow for boss of collapsed Condev
The boss of Condev Constructions, which catastrophically collapsed with debts topping $56m, is facing a massive personal hurdle. Here’s what it means for creditors
More Stories
JobKeeper crash: ‘Delayed wave’ of mass closures, lay-offs
A delayed wave of liquidations and administrations could crash across Queensland in the wake of JobKeeper ending, business experts have warned.
‘Zombie’ firms kept alive to grab government cash
Scores of ‘zombie companies’ have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert.
HomeBuilder crisis: Why more builders will go bust
The HomeBuilder construction boom has created a ‘ticking time bomb’ as surging costs of material and labour cuts profit margins in the building sector to the bone.
Creditors finally pull the plug on Greensill
No buyers could be found to carry on Lex Greensill’s Bundaberg-headquartered empire, which collapsed into insolvency last month.
Builder collapses leaving 40 homes unfinished across city
Liquidators have been appointed to troubled Brisbane builder PlanBuild leaving 40 homes unfinished including one customer “left with a pile of rocks”.
Hard times: Brisbane suburbs smashed by business closures
The number of new business in Brisbane surged last year, but there were also plenty of suburbs hit hard with closures. See the list of winners and losers.
Port Douglas diner goes under as COVID bites
An iconic Far North Queensland restaurant whose most famous guest was a 250kg giant groper has gone bust as COVID-19 decimates the region’s tourism market.
Greensill boasted of liquidity weeks before collapse
Lex Greensill was upbeat in a video to staff three weeks before the group collapsed into administration.
Original URL: https://www.couriermail.com.au/topics/company-collapses-qld/page/55