Collapsed firm Porter Davis Homes customers warned over unpaid debts by liquidator Grant Thornton

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Collapsed firm Porter Davis Homes customers warned over unpaid debts by liquidator Grant Thornton

Customers of a collapsed building firm have been left shocked after the appointed liquidators announced it will pursue some of them over unpaid debts.

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Customers of a collapsed building firm have been left shocked after the appointed liquidators announced it will pursue some of them over unpaid debts. 

Porter Davis Homes went bust last month, placing the fate of 1,700 projects and another 779 empty blocks of land across Victoria and Queensland up in the air. 

Customers were left tens of thousand of dollars out of pocket face increased costs when they sign on with another company to finish building their homes.

Melbourne insolvency firm Grant Thornton was appointed as liquidators on March 31 and delivered another blow to customers on Friday.

The firm sent an email warning home builders with outstanding payments could be pursued for money. 

Insolvency firm Grant Thornton sent Porter Davis customers an email on Friday warning they might be pursued over unpaid money

Insolvency firm Grant Thornton sent Porter Davis customers an email on Friday warning they might be pursued over unpaid money

Insolvency firm Grant Thornton sent Porter Davis customers an email on Friday warning they might be pursued over unpaid money 

Porter Davis Homes collapsed last month and went into voluntary administration

Porter Davis Homes collapsed last month and went into voluntary administration

Porter Davis Homes collapsed last month and went into voluntary administration 

One disgruntled customer posted a photo of the email they had received from the firm to Facebook. 

‘The Company hereby gives you formal written notice that the Company will not undertake any further work in performance of the Building Contract,’ the email read.

‘We will be in touch with you separately in respect of the payment of any amounts that the Company might have been entitled to prior to the date of this notice. The Company reserves its rights in this regard.’

Grant Thornton told Daily Mail Australia ‘the majority’ of customers, especially those who had lost money from the collapse, would not be impacted.

‘The Liquidators will not be pursuing payment from Porter Davis customers who are out of pocket,’ a spokesperson said. 

‘There are some instances where customers have received the benefit of up to $100,000 in works on their home that have not yet been paid for. The liquidators are looking into these cases.’ 

It comes as another home builder on Monday signed on to complete close to 400 unfinished Porter Davis properties.

Grant Thornton confirmed Nostra Property Group had entered into a sales agreement for Porter Davis’ multiple dwelling business.

Nostra will complete up to 375 town houses – 169 of which haven’t been started yet – as well as offer ongoing employment to 16 Porter Davis staff.

On Sunday, dozens of Porter Davis customers rallied on the steps of Victoria’s parliament, calling for more support from the government.

The collapse of Porter Davis placed 1,700 projects and another 779 empty blocks of land across Victoria and Queensland in jeopardy

The collapse of Porter Davis placed 1,700 projects and another 779 empty blocks of land across Victoria and Queensland in jeopardy

The collapse of Porter Davis placed 1,700 projects and another 779 empty blocks of land across Victoria and Queensland in jeopardy 

Many said they needed financial and legal assistance to help navigate their next steps, as well as getting their deposits back.

Deputy Premier Jacinta Allan said the government was still assessing what steps it could take to support affected customers.

‘When there’s further detail to announce, we will make those announcements,’ she told ABC Radio Melbourne on Monday.

About 1700 homes across Victoria and Queensland were left in limbo when Grant Thornton went into liquidation last month.

Porter Davis joined a growing list of major builders suffering under the rising cost of supplies, labour shortages, as well as less funding appetite from banks and investors and a sluggish market.

Source: | This article originally belongs to Dailymail.co.uk

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