Horror as company has just $17 left in bank

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It’s been revealed that a building company that collapsed earlier this year had just $17.80 left in its bank account as creditors scramble for answers.

It’s been revealed that a building company that collapsed earlier this year had just $17.80 left in its bank account.

“The company operated one bank account with the National Australia Bank which the director has advised held a credit balance of approximately $17 at the date of liquidation,” Mr Newman wrote. “Over the years, Mark has built a reputation for himself as a reliable professional with experience delivering infrastructure projects for local municipalities,” the post, from agricultural tech company North Star Systems Inc, reads.Although Avra Group only had one live project under way, news.com.au understands a number of customers had terminated contracts as construction on their site stalled for months.

He had no success recouping his $40,000 deposit but engaged another builder on the site, where he hit another roadblock.

 

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