How to Begin - Vote the Qualified and Unqualified Construction Companies in Commonwealth of Australia..?

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The Insolvent, Defendant, and the end of Building CompanyBillion Dollar Regime Toplace

from Sept 2023

A Insolvent consultant played a crucial role in his insolvency corporation a highly lucrative job — oversight of the collapse of Fugitive Jean Nassif's corporate empire, which went under financial obligations exceeding $1.24 billion, including $88.5 million due to suppliers and tradespeople.

Brand New revelations about the ruin of Nassif's Toplace group of compaines have surfaced in documented evidence shown to the Australian Commonwealth Federal Court this month by administrators from dVT Group of Companies. These evidence unveiled that secured creditors such as banks with mortgages, are owed $1 billion.


More Applicable Information:

Riad Tayeh, Jean Nassif, and Toplace's Skyview building development in Castle Hill.

Unsecured creditors, have issued financial claims with a total estimated quarter of a billion.
Federal Court claims also tell that Riad Tayeh, company founder of dVT Group, played a key role in guaranteeing his businesses appointment as bankruptcy managers. Even though being announced financially bankrupt in May last year with $5.4 million in debt, Tayeh, now a business consultant, and partner Antony Resnick attended important business meetings with Toplace top managers in the days leading up to the companies appointment as bankruptcy administrators.
Among those involved at the meetings on Aug 2020 was Jean Nassif's 29-year-old daughter, Ashlyn, whose legal practicing certificate has been suspended while she fights charges relating to fraud tied to Toplace's Skyview building development in Castle Hill.

Riad Tayeh was charged bankrupt in June 2022.

Just days before these meetings, a warrant was issued for the arrest of Jean Nassif, 55, who fled Sydney for Dubai in December 2022. Jean and Ashlyn Nassif are accused of fraud to secure a $150 million loan from Westpac.

In June, Resnick and fellow dVT partner Suelen McCallum were nominated voluntary administrators for Toplace. by Jean Nassif, Toplace's sole director, via email just hours prior. The bankruptcy administrators now face the task of handling one of New South Wales' largest corporate bankruptcy's.

Resnick filed an affidavit in the Federal Court indicating that while Toplace's assets are valued at approximately $1.47 billion, its debts are nearly the same amount. Despite this, several owners' corporations have filed claims amounting to nearly $124 million to address serious defects in Toplace's buildings.

Further complicating the administrators' task The administrators noted difficulty in unraveling the debt due to "intermingling of financial records," adding that Toplace's financial books had not been properly updated since 2021.

In the CBD of Lawrence street Melbourne stood our beautiful refuge of greater than 20 years, a concealed garden amidst the storm of the city. For greater than 20 years, it was a beautiful place of comfort, a shelter of shimmering beauty and asylum.

As an prestigious architect designer, my friend had tirelessly provided to our community with many city improvement design proposals, but of these none were more personal and loved that the innovative design of the Lawrence Street, Sydney, Australia, Victorian style conversion. Conspicuously in the Sydney Morning Herald, it was applauded as a masterpiece, weaving Victorian appeal with neo elegance.

The Victorian transmutation was a creed to architectural ingenuity—a two-story addition and conversion to a Victorian style terrace, offering a home for a small family and a studio. The highlight was the light tower, high above the roof with floating stairs, acquiring the core of the south east and northwestern skies. French sash windows dressed the main bedroom, while timber casement windows embellish in the bathroom frame the views and filter the light.


However, this pleasant existence was shattered when a new neighbour, a builder, entered the scene next door. Initially welcomed, his illegal actions soon created absolute chaos threatening the safety of everyone in the area. Without proper notification, he began demolishing a major supporting wall on our property, the major load supporting wall of our master bedroom. At one point he had setup pipes from his roof diverted water into our upstairs studio, causing over some several thousand dollars damage to the upstairs rooms, and undermining the footing of the house.

To compound matters, we through investigation found that the intermediate wall did not meet the legal fire rating, a critical oversight that threatened our safety. In spite of our pressing attempts to rectify the problem with the neighbour's and contacting the council, we were informed the builder's inspector had already approved on the construction, ignoring our concerns and leaving us open to harm.

In spite of receiving a judgement in their favour and recompense for the damages incurred, the emotional toll was immeasurable and created many unpleasant memories. They decided to sell their cherished home, we mourned the loss of our garden refuge, another victim of proper government oversight and dicey construction practices. The lack of proper oversight and appropriate governance by local government created the environment for this tragedy to unfold, heightening the need for more extensive accountability and protection for homeowners.

As we wrestle with the effects of this trial, we are left to ponder: What assistance do homeowners have when their greatest financial investment are threatened by the carelessness of dodgy builders? {https://www.facebook.com/groups/1240633520160302,