Chatham Homes has entered voluntary administration and industry figures say customers may have to pay more to get their houses completed.
A building industry association says the customers of a Victorian home builder in voluntary liquidation might have to pay more to get their homes completed.The company owes $2 million to 200 unsecured creditors and has left 50 projects unfinished in Victoria
Liquidator Andrew Schwartz said the initial investigation revealed that the company owed $2 million to more than 200 unsecured creditors, most of whom were tradespeople.Mr Shwartz said the business had about 50 projects at various stages of completion, most of which were in Melbourne, as well as some in Ballarat and Torquay."We are in discussions with some alternative builders to try and see if we can make arrangements for home builders," he said.
He said letters were sent on Tuesday to home builders informing them of the liquidation and that creditors would be contacted soon.
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