Horror as company has just $17 left in bank

  • 📰 newscomauHQ
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in US

United States United States Latest News, United States United States Headlines